Some current electric vehicle (EV) buying incentives in Australia

Source: ANZ Energy Efficient Asset Finance

Currently there are few incentives to buy EVs in Australia. With the country's fuel security very limited and transport emissions quite high, there is a need to provide more incentives to buy EVs. The following initiatives are small but are a start.

1. AGL has an Electric Car Plan which offers owners of electric cars unlimited charging for just $1 a day plus other incentives.

2. The ANZ bank has Energy Efficient Asset Finance which offers an additional 0.7% discount on the standard asset finance rate for eligible energy efficient assets including electric vehicles.

3. In the ACT, the government policy now is that EVs don’t incur stamp duty and receive a 20% discount on annual registration fees. More incentives will come as the government implements its Zero Emission Vehicle Action Plan (pdf).

4. The NRMA is installing a large network of EV fast-charging infrastructure over 95% of its members’ road trips in NSW.

5. Tesla owners roll out Australia-wide charging network for all EVs. RenewEconomy, June 4 2018.

Left: EV charging before March 2016 and now, June 2018, right (RenewEconomy)

6. At least 10 brands of auto makers will launch electric cars in Australia over the next two years.

See also in this blog: Phase 1 of Queensland’s fast-charging EV network is complete.