The state’s plan is the most aggressive yet in a country renowned for its isolated highways and culture of car-loving, and where even tractors outsell EVs two to one.
SYDNEY: Australia’s largest state economy will waive levies on electric vehicles (EVs) and will offer other incentives, which add up to as much as A$490mil (US$366.5mil or RM1.52bil), in an effort to increase the size of the EV market to half of all new sales within a decade.
The package includes a A$3,000 (RM9,291) rebate for the first 25,000 new EVs sold, with a A$68,000 (RM210,602) ceiling, and scrapped stamp duty for those cost less than A$78,000 (RM241,573).
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
