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Electric Vehicle Incentives in Australia: A Comprehensive Overview

Australia is taking strides towards a greener future, with several states offering incentives to encourage the adoption of electric vehicles (EVs). Here's a breakdown of the current EV incentives across the country.

As of 2023, the Australian states of New South Wales, Victoria, Queensland, South Australia, and Western Australia continue to offer active incentives for EV purchases. These incentives include rebates, stamp duty exemptions, and other financial benefits. Tasmania and the Australian Capital Territory (ACT) also provide certain incentives, although the major active programs are in the states mentioned above.

In the ACT, new and used EVs registered before September 1, 2025, are eligible for a full stamp duty exemption. EVs underneath a $84,916 subtotal are also eligible for a 0% interest rate for up to $15,000 of the total price when financing as part of the ACT Sustainable Household Scheme.

South Australia no longer offers EV incentives from July 1, 2025, but three years of no registration cost is still available for EVs valued below $68,70 and first registered between October 28, 2021, and June 30, 2025.

From July 1, 2022, to June 30, 2027, the Northern Territory waives both the stamp duty (up to $1500) and registration fee for new EV registrations, providing a potential saving of up to almost $1600. The Northern Territory also has the Electric Vehicle Charger (Residential and Business) Grants Scheme for EV owners to buy and install EV chargers.

Victoria charges a $100 discount from the annual registration fee for EVs, but it was the first state to remove the stamp duty exemption from July 1st, 2023.

Queensland previously offered generous EV incentives, but now only offers a discounted annual registration, saving a minimum of $500. Western Australia no longer offers state government incentives to buy an EV.

Federal battery and solar power incentives exist, including the Cheaper Home Batteries Program that provides a rebate of around 30% off the cost of a home battery system. However, no specific EV incentives are mentioned for the Australian Capital Territory in the provided information.

The FBT exemption on plug-in hybrid (PHEV) vehicles is available until April 1, 2025. It's worth noting that the Electric Car Discount removes fringe benefits tax (FBT) for leased and company vehicles, making EVs less expensive to buy.

EVs priced under the LCT threshold are also exempt from import duties. EVs priced under $91,387 luxury car tax (LCT) threshold for fuel-efficient vehicles can have a cost similar to or lesser than equivalent ICE vehicles due to FBT removal.

As of July 1, 2024, the ACT moved to emissions-based registration costs, meaning that EV owners pay the least to register their vehicles.

Tasmania offers an interest-free loan scheme for installing EV chargers for EV buyers.

While the landscape of EV incentives in Australia is constantly evolving, these current incentives offer significant financial benefits for those choosing to go electric.