NSW’s motorists will soon be able to have their first electric vehicle (EV) as the NSW EV Strategy legislation passes through the NSW Parliament.
Under the NSW EV Strategy, the NSW Government has committed $490 million towards EVs by cutting taxes, providing $3,000 rebates and installing ultra-fast EV chargers across the state.
Premier Dominic Perrottet said these incentives will make NSW the best place to buy and drive an electric vehicle.
“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,” the Premier 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.”
In order to achieve net-zero emissions by 2050, Treasurer and Minister for Energy and Environment Matt Kean said that the NSW EV Strategy will ensure that at least 50 per cent of new cars sales are EVs by 2030.
“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,” he said.
“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.”
NSW drivers who have registered a new and 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. Applications for this will open on 1 November 2021.
Eligible electric vehicles will also be able to use Transit T2 and T3 lanes until at least 31 October 2022, making travelling in an EV easier.
Minister for Transport and Roads Rob Stokes said the EV Strategy would help to reduce air and noise pollution.
“The transport sector currently makes up one-fifth of carbon emissions in NSW, with almost half of those coming from passenger vehicles,” Minister Stokes said.
“This policy will give the green light to industry to increase model availability and cut the costs of EVs.”
Source: NSW Government Media Release