BREAKING: NSW EV INCENTIVES ANNOUNCEMENT FOR SEPTEMBER 2021

EV Channels Review

The New South Wales government has announced significant incentives for electric vehicle adoption, effective September 1, 2021. These include the abolition of stamp duty for EVs under $78,000 and a $3,000 rebate for those under $68,000, limited to the first 25,000 buyers. The announcement also details a substantial $171 million investment in charging infrastructure, aiming for DC fast chargers every 100km on major highways and every 5km on Sydney arterials. A key point is the introduction of an EV road tax, set at 2c/km for EVs and 2.5c/km for PHEVs, which will be implemented by 2027 or when EV sales reach 30% of the market. The reviewer highlights the positive impact on the Tesla Model 3 SR+, making it a more compelling purchase around $62,000 after incentives. While applauding the incentives, the reviewer expresses mixed feelings about the future road tax, acknowledging its inevitability for road maintenance but hoping for a more robust implementation than odometer readings. The expansion of charging infrastructure is seen as a crucial step to alleviate range anxiety, particularly for apartment dwellers and regional drivers.