Australia's largest stock trading and investment forum Australia's #1 stock forum

NSW $490 million support for EV’s., page-6

First 6 Last

Share
Profile

Follow
bluesamurai

10,728 Posts.

1570

27/06/21

11:56

Post #: 54099110
Share

Originally posted by bluesamurai: ↑

Under the plan, the NSW government will waive stamp duty for electric vehicles priced under $78,000 – just below the luxury car tax threshold – and an additional $3,000 rebate will be available for the first 25,000 purchases of battery and hydrogen fuel cell vehicles with a price below $68,750. The support is designed to both lower the cost of electric vehicles, as well as encourage car makers to bring lower cost models into the Australian market.But this extra support will be counterbalanced by new fees to be paid by electric vehicle drivers, with the NSW government becoming the latest jurisdiction to introduce a road user fee for electric vehicles, similar to a new per-kilometre tax introduced in Victoria. It is understood that the introduction of a per-kilometre tax on electric vehicles in New South Wales has been ‘deferred’ and will commence in 2027. QUOTE
Good news for the industry IMO.

https://thedriven.io/2021/06/20/nsw-unveils-490-million-support-package-for-electric-vehicles-but-theres-a-catch/

Expand

Related article

https://www.drive.com.au/reviews/2021-toyota-camry-ascent-hybrid-review/?utm_campaign=syndication&utm_source=smh.com.au&utm_content=article_3&utm_medium=partner
Upvote

Reply

Top Stories

FBU

Fletcher Building 'exploring options' around construction division sale

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

CIA

'Share long-term visions': Champion Iron rallies on mooted Nippon, Sojitz partnership

ASX Market Close: How a megadam in Tibet pushed us into the red

RML

Resolution Minerals appoints industry experts to fast-track US growth strategy

First 6 Last