EV rebates: Everything you need to know, state by state
Volvo Car Australia’s electric vehicle sales are motoring – and the broader EV market is ramping up. Most states still have some form of rebate. Here’s the download.
**Australian Capital Territory**
The ACT government has set out ambitious targets for zero emissions vehicles (ZEVs), aiming to ensure 80-90 per cent of all new vehicles sold in the territory are ZEVs by 2030.
It doesn’t currently offer a rebate to people buying a new electric vehicle, but the state government has put together a comprehensive package of incentives. These include:
- Two years free registration.
- Stamp duty exemption for new and used EVs and hydrogen vehicles.
- A $15,000 interest-free loan for zero emissions vehicles and charging equipment and installation.
Stamp duty exemption and free rego effectively take thousands of dollars off the purchase price of a new EV, while the $15,000 interest-free loan, repayable over up to ten years, offers a no-lose option for vehicles that cost up to $77,565.
This year, the ACT is also introducing a $2,000 incentive to install EV chargers in multi-unit buildings, and has committed to a major public charging infrastructure rollout.
**New South Wales**
New South Wales offers a rebate of $3,000 for vehicles that cost up to $68,750, including dealer delivery charges and options.
There are still thousands of grants available: As of 30 June 2023, 7,505 rebates have been paid out, with the scheme funded to cover 25,000 cars in total.
The New South Wales government also provides stamp duty exemptions for EVs that cost up to $78,000. Those exemptions are now applied automatically to qualifying vehicles.
NSW is planning an electric vehicle road tax of 2.8c per kilometre, but it won’t apply until 2027, or when EVs make up 30 per cent of new electric vehicle sales, whichever is sooner.
More details here.
No EV rebates are available in Tasmania and the stamp duty exemption for EVs came to an end last month.
**Northern Territory**
Stamp duty has been reduced for EVs in the NT – it’s been waived up to $50,000, with 3 per cent applying on the remaining cost – and owners also pay cheaper rego fees. But there are currently no rebates on offer. Grants of $1,000 towards the cost of installing a charger are available for households, or $2,500 for businesses.
More details here.
**Queensland**
The Queensland government currently offers the highest rebate for electric vehicles - $6,000 for cars priced up to $68,000, excluding dealer delivery charge and options.
But there are caveats. To qualify for the $6,000 rebate, applicants’ total household income must be below $180,000 per annum. Those with a higher household income can instead apply for a $3,000 grant.
Queensland does not waive rego fees – but it has capped them at $263 per annum for EVs, which also qualify for a lower rate of stamp duty.
The state is aiming for half of all new passenger vehicles to be zero emissions by 2030, and 100 per cent by 2036.
More details here.
**South Australia**
Until 30 June 2025, South Australian owners of new EVs are exempt from paying rego fees for the first three years.
There is also a $3,000 rebate for cars up to the value of $68,750. As of 30 June this year 5,900 of those subsidies remain.
Plus, SA offers a grant of up to $2,000 to help fund installation of a home charger.
More details here.
**Tasmania**
No EV rebates are available in Tasmania and the stamp duty exemption for EVs came to an end last month.
**Victoria**
Victoria last month closed its $3,000 rebate scheme earlier than anticipated, leading to a rebate rush by EV owners before the 30 June deadline. The Victorian government does not provide rego exemptions, but there is a $100 discount, and EVs also qualify for reduced stamp duty. A road tax of 2.8c per kilometre now applies to EV drivers. The Victorian government wants 50 per cent of all new cars sold to be EVs by 2030.
**Western Australia**
The Western Australia government offers a $3,500 rebate for cars priced up to $70,000, but that figure is inclusive of optional extras and dealer delivery charges.
WA also plans to introduce a road tax of 2.5c per kilometre in 2027.
More details here.
**National**
While Australia’s EV incentives are currently governed by individual states, there are nationwide exemptions from Fringe Benefits Tax after the Electric Car Discount Bill was passed in parliament last November. These can save drivers thousands of dollars a year.
Find out more about FBT exemptions here.
*To check which Volvo models are applicable for EV incentives in your state, visit our driveaway pricing calculator here.*
