Rebates to purchase a new full battery or hydrogen fuel cell electric vehicle in NSW now available
Rebates are available to reduce the upfront cost for eligible EVs in NSW, with the aim of accelerating the uptake of EVs across the state.
The NSW Electric Vehicle Purchase Rebate program offers a cash rebate of $3,000 to NSW residents, organizations, and businesses who purchase eligible battery electric vehicles (BEVs) or fuel cell electric vehicles (FCEVs) and register them for personal use in NSW.
Here are some key details about this program:
- The program's closing date is Monday, 1 January 2024.
- There is a limit of 25,000 places available, so it's advisable to apply as soon as possible before the quota is met.
Eligibility for Residents: To be eligible for the rebate, residents must meet the following criteria:
- Be a NSW resident.
- Purchase and register an eligible EV for personal use in NSW.
- Not have claimed a rebate in another state or territory for the same vehicle.
Eligibility for Organizations and Businesses: Organizations and businesses, which can be individuals, partnerships, companies, or trusts conducting business in NSW, are eligible if they meet the following conditions:
- Purchase and register an eligible EV.
- Have less than 10 vehicles registered in NSW at the time of registration.
- Have not claimed a rebate in another state or territory for the same vehicle.
- Eligible vehicles are new BEVs and FCEVs with a dutiable value of less than $68,750.
- This rebate is available only for passenger vehicles, sport utility vehicles, and light trucks/light commercial vehicles.
- The stamp duty exemption and rebate for all eligible EV purchases will end on 1 January 2024.
- Individuals and businesses that purchased or placed a deposit on an eligible EV before 1 January 2024, and are awaiting delivery, will still be eligible to receive the stamp duty exemption and rebate, regardless of when the vehicle is delivered. This helps mitigate delays in delivery.
- Additionally, all battery electric, hydrogen fuel cell electric, and plug-in hybrid vehicles registered for the first time or transferred from 1 January 2024 onwards will be subject to a road user charge (RUC) starting on the earlier of 1 July 2027 or when battery EV sales reach 30% of new light vehicle sales.