ATTENTION Individuals thinking of getting an EV!

June 10, 2024

Applying for an electric vehicle (EV) grant can offer several benefits, both for individuals and society as a whole. Here are some reasons why someone might consider applying for an EV grant.

Cost Savings:

  • Financial Incentives: Applying for an EV grant can lead to substantial cost savings. Many governments and organizations provide grants or rebates that significantly reduce the upfront cost of purchasing an electric vehicle, making it a more economical choice for consumers.

Environmental Impact:

  • Reduced Emissions: Electric vehicles contribute to lower emissions compared to traditional gas-powered cars. By applying for an EV grant and choosing an electric vehicle, individuals actively participate in environmental conservation efforts, helping to reduce air pollution and combat climate change.

Infrastructure Support:

  • Charging Infrastructure: Some grants focus on supporting the development of EV charging infrastructure. By applying for these grants, individuals not only benefit from a more extensive charging network but also contribute to the overall growth and accessibility of electric vehicle charging stations.

Technological Advancements:

  • Research and Development: Certain grants support research and development in the electric vehicle sector. By applying for these grants, individuals play a role in fostering technological innovations within the industry, potentially leading to advancements that enhance the efficiency and performance of electric vehicles

Every bit counts, so I urge you to get involved!

Electric Vehicle Rebate

The NSW Government will offer $3,000 rebates for the first 25,000 new full battery electric vehicles (BEVs) and hydrogen fuel cell electric vehicles (FCEVs), purchased for a dutiable value of less than $68,750 that are registered on or after 1 September 2021.

https://www.revenue.nsw.gov.au/grants-schemes/electric-vehicle-rebate

Electric Vehicle Stamp Duty Refund

Stamp duty is exempt for new or used full battery electric (BEVs) and hydrogen fuel cell electric (FCEVs) light vehicles, under 4.5 tonne gross vehicle mass (including motorcycles) with a dutiable value up to and including $78,000.

For eligible vehicles registered or transferred from 15 August 2022, the stamp duty exemption will be applied automatically. This will save you from any up-front duty costs.

If you registered an eligible vehicle between 1 September 2021 and 14 August 2022, you can claim back the stamp duty paid.

https://www.revenue.nsw.gov.au/grants-schemes/electric-vehicle-stamp-duty-refund

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