Rebate and tax initiatives for electric vehicle purchases

Drivers who have registered a new, eligible EV after 1 September 2021 can apply for a refund of the stamp duty and one of the 25,000 rebates worth $3,000.

“This is a comprehensive suite of measures, which ensures we have the right mix in place to boost the take-up of electric vehicles and give people access to the latest technology,” Premier Dominic Perrottet said.

“The strategy also starts us down the road of long-term tax reform as we embark on phasing out stamp duty on electric vehicles and making sure everyone who drives on our roads contributes to their funding and maintenance.”

Treasurer and the Minister for Energy and Environment, Matt Kean, said the NSW EV strategy is nation-leading and will ensure at least 50 per cent of new cars sales are EVs by 2030.

“To achieve net zero emissions by 2050, the vast majority of new cars sold in NSW need to be EVs by 2035,” Mr Kean said.

“This is the beginning of an EV revolution in NSW, with more drivers set to benefit from lower taxes and $3,000 rebates on their next EV purchase.

“Our Strategy is all about helping more drivers to benefit from the latest and best driving technology and I welcome the cross-party support for the legislation.”

Applications for the rebate will open on 1 November 2021 and from that date eligible electric vehicles will be able to use Transit T2 and T3 lanes until at least 31 October 2022.

The Minister for Transport and Roads, Rob Stokes, said the EV strategy would help reduce air and noise pollution created on the state’s roads.

“The transport sector currently makes up one-fifth of carbon emissions in NSW, with almost half of those coming from passenger vehicles,” Mr Stokes said. “This policy will give the green light to industry to increase model availability and cut the costs of EVs.”