Breakdown of government incentives across Australia
Blog post
With the uptake of electric vehicles and the FY24 upon us, we wanted to give you an easy guide on what's happening with the incentives in Australia to go electric.
State by state breakdown of available incentives as of FY24, simplified
Each state has its own goals for when it will be going fully electric and sets their own rebates/incentives to do this. The Fringe benefit Tax is waived for all ZEV, PHEV and HEVs in Australia, provided they meet the eligible criteria.
New South Wales - NSW
- $3,000 rebates for the first 25,000 new full BEVs and FCEVs, purchased for a dutiable value of less than $68,750 that are registered on or after 1 September 2021.
- New/used EVs with a dutiable value up to and including $78,000 that are registered on or after 1 September 2021 are exempt from stamp duty.
- Registration fee discounts.
- EV drivers are also allowed to use the T2 and T3 transit lanes across NSW.
- There are no rebates in NSW for Hybrid cars.
- Apply for NSW rebate here.
For more information, please visit the NSW revenue page, here.
Victoria - VIC
- $100 discount on EV registration (does not include hybrid).
- EVs to pay 2.6 cents/km and hybrids to pay 2.1 cents/km for road user tax – please read in more detail here
For more information, please visit the VIC roads page here
Queensland - QLD
To be eligible for a $3,000 rebate you must:
- have purchased a new eligible ZEV up to a dutiable value of $68,000 (including GST) on or after 21 April 2023; or
- have purchased a new eligible ZEV up to the original dutiable value of $58,000 (including GST) between 16 March 2022 and 20 April 2023
To be eligible for a $6,000 rebate you must:
- have purchased a new eligible ZEV up to the dutiable value of $68,000 (including GST) on or after 21 April 2023 and have a total household taxable income equal to or less than $180,000 per annum; or
- have purchased a new eligible ZEV up to the dutiable value of $58,000 (including GST) between 16 March 2022 and 20 April 2023 and have a total household taxable income equal to or less than $180,000 per annum.
- There are no rebates in QLD for Hybrid cars.
- Appy for the QLD rebate here.
For more information, please visit the Qrida governments page, here.
South Australia - SA
- $3,000 subsidy for new BEVs valued below $68,750 (including GST).
- 3-year registration fee exemption on eligible new BEVs valued $68,750 (including GST) or below.
- There are no rebates for used electric or Hybrid vehicles.
- Apply for the SA rebate here.
For more information, please visit the SA treasury page, here.
Western Australia - WA
- $3,500 rebate for new BEVs with a dutiable value of $70,000 or less.
For more information, and to apply for the rebate, please visit the WA transport page, here.
Tasmania
There are currently no subsidies or incentives for EVs/Hybrids in Tasmania.
Australian Capital Territory - ACT
- Free stamp duty on new/used ZEV, PHEVs and HEVs
- 2 years free registration on ZEVs new/used cars (applied at point of registration).
- Eligible households can access up to $15,000 to buy a ZEV or home charger under the Sustainable Household Scheme zero interest loans.
- Plug-in hybrid vehicles and hybrid electric vehicles receive discounted registration.
For more information, please visit Access Canberra, here.
Commonly used terms in this article
- ZEV (Zero Emissions Vehicle)
- PHEV (Plug-in Hybrid Electric Vehicle)
- HEV (Hybrid Electric Vehicle)
- BEV (Battery Electric Vehicle)
- (FCEVs) Hydrogen fuel cell electric vehicles
- (EV) Electric Vehicle
- Dutiable value - this is the cost of the vehicle + delivery + the GST of the vehicle and delivery