Closed

Rebates for electric vehicle purchases

Tender ID: 539130


Tender Details

Organisation:
Tender #:
-  
Status:
Closed
Publish Date:
29 September 2023
Closing Date:
1 January 2024

Tender Description

The NSW Government is making EVs more affordable for the people of NSW by reducing the upfront cost for the first 25,000 eligible EVs sold.

This incentive will make purchasing an EV more affordable for motorists.

Important changes from 1 January 2024

The stamp duty exemption and the rebate for all eligible EV purchases will end on 1 January 2024.

Individuals and businesses that have purchased or placed a deposit on an eligible EV prior to 1 January 2024, and are awaiting delivery of the vehicle, will still be eligible to receive the stamp duty exemption and rebate, regardless of whether the vehicle has been delivered by that date. This will ensure that purchasers who are unable to register their vehicle by 31 December 2023, are not disadvantaged for delays in delivery. Further information will be released soon regarding these arrangements.

In addition, all battery electric, hydrogen fuel cell electric and plug-in hybrid vehicles that are registered for the first time or transferred from 1 January 2024 will be liable to pay the road user charge (RUC) once it commences, which is the earlier of 1 July 2027 or when battery EV sales reach 30 per cent of new light vehicle sales.

The NSW Government is offering $3,000 rebates for the first 25,000 new battery electric and hydrogen fuel cell vehicles with a dutiable value of less than $68,750.

This incentive, along with the abolition of stamp duty, will save eligible EV purchasers up to $5,540, and help drive the uptake of EVs to more than 50% of all car sales by 2030-31.

If you register an eligible vehicle from 1 September 2021, you can claim back your rebate.  

Eligibility Criteria and Application Process

Revised August 2022

The NSW Electric Vehicle Strategy outlines a number of incentives to encourage the purchase of battery electric vehicles (BEVs) and hydrogen fuel cell electric vehicles (FCEVs) in NSW. One of the incentives offered by the NSW Government is a cash rebate of $3,000 on 25,000 eligible vehicles. We know that upfront purchase price is one of the barriers hindering purchase of electric vehicles, and this rebate, together with a stamp duty exemption, is intended to address this barrier and encourage the uptake of electric vehicles in NSW.

This page contains the guidelines for the eligibility criteria and application process for the purchase rebate for electric vehicles.


Location

New South Wales   :   Central West   :   Far North Coast   :   Far West   :   Hunter   :   Illawarra   :   Mid North Coast   :   Murray   :   New England   :   Orana   :   Riverina   :   Southern Highlands   :   Sydney  

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