Australian State Gives $ 500 Million Boost to Drive a “Revolution” in Electric Vehicles

The New South Wales (NSW) government is in the driver’s seat of Australia’s electric vehicle (EV) epidemic and is allocating approximately $ 500 million to subsidies, tax cuts and infrastructure as part of its new initiative. Electric vehicle strategy..

The government will spend $ 490 million ($ 370 million) of the state budget from 2021 to 22 to address the biggest barriers to consumer entry, such as EV costs and the availability of charging stations. We aim to make more than 50% of new car sales into electric vehicles. By 2030.

Starting September 1, the state will offer a $ 75 million rebate, granting $ 3,000 to the first 25,000 EV purchases under $ 68,750. It will also eliminate stamp duty on all EVs under $ 78,000. So the $ 50,000 Nissan LEAF can save an additional $ 1,600.

The funds will also allocate an additional $ 171 million to charge the infrastructure. The state’s current 450 public charger numbers are often too far from the range of electric vehicles, or simply charging too slowly.

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The new Nissan LEAF car charger will be seen on July 11, 2019 in Melbourne, Australia. (Michael Dodge / Getty Images)

New South Wales will be the second state to offer electric vehicle subsidies, following a similar $ 3,000 subsidy from Victoria. The Victorian subsidy, announced in early May, was criticized by the EV industry and environmental groups after the state simultaneously imposed a 2.5 cent / km road user fare (RUC) on vehicles.

NSW has promised to apply an equivalent RUC, but will postpone taxes until July 1, 2027 or earlier if EVs reach at least 30% of new car sales to facilitate uptake. ..

RUC will fund the construction and maintenance of roads to cover the 42.7 cents per liter petrol tax that EVs do not pay.

“Our comprehensive strategy is to ensure the right combination to drive the adoption of electric vehicles, while helping everyone on the road contribute to the financing and maintenance of electric vehicles. “NSW Treasury Secretary Dominique Perotet said: Media release..

“From the first car-saving youth in western Sydney to retirees planning an expedition to Broken Hill, these incentives give all New South Wales residents access to electric vehicles at an affordable price. “It will be,” said Perottet.

The strategy was welcomed by electric vehicle advocates, with the Electric Vehicle Council and NRMA Insurance joining several ministers at a press release event.

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(From left to right) NSW Minister of Transport and Roads Andrew Constance, NRMA CEO Rohan Lund, NSW Minister of Energy and Environment Matt Kean, NSW Minister of Finance Dominic Perrottet, and NSW Electric Vehicle Strategy Press Release CEO Behyad Jafari Transportation business in Sydney, Australia, June 20, 2021. (AAP Image / Joel Carrett)

“NSW’s electric vehicle policy is a global standard and is determined by other states,” Behyad Jafari, CEO of the Electric Vehicle Council, said on Twitter. Position..

“The biggest obstacle to electric vehicle adoption we’ve heard from our members is price and range concerns, and NSW state government policy is directly linked to those concerns,” said Rohan Lund, CEO of NRMA Insurance, in a media release. I mentioned in.

“This effort by the Government of New South Wales to ensure that all households with restricted off-street parking are within 5 km of the quick charger is important. This continues for many drivers who are concerned about charging. That’s because the survey shows that it’s a concern, “says Lun.

However, New South Wales resident Craig Kelly, a federal independent MP, epochs that spending $ 500 million is a “total misallocation of resources” and subsidies will not open the market to low-income households. I told the Times.

“The $ 70,000 car is for the very wealthy,” Kelly said. “Why do they need additional grants?”

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Independent MP Craig Kelly speaks at a rally for world freedom, peace and human rights held in Sydney, Australia on May 17, 2021. (Epoch Times)

Today, in New South Wales, the average EV selling price is $ 28,000 higher than the average petrol or diesel vehicle. Of the 14 EVs available in New South Wales, the average price is around $ 100,000, of which only seven are less than $ 70,000 and the cheapest is $ 40,000.

Kelly also said the Government of New South Wales could help the average household by tackling ongoing dangerous road maintenance issues.

“There are many roads and bridges everywhere in New South Wales that really need to be upgraded,” Kelly said. “These upgrades will improve traffic safety and save lives.”

“We can point to some roads in the constituency, such as Heath Court Road, which is coveted for upgrades,” Kelly said. “This is a two-lane road that is a little different from the one back in the 1950s.”

Kelly also said the government should reduce or eliminate a number of road tolls that have “totally destroyed” road users, and tolls are constantly increasing.

“It’s a place where money should be spent, rather than giving away free cash bonuses to wealthy green liberalism in the city center at the expense of suburban and rural people,” he said.

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