NSW to abolish stamp duty on electric cars in an effort to boost...

NSW to abolish stamp duty on electric cars in an effort to boost uptake

by Tom RabeJune 20, 202112.03am

NSW government will abolish stamp duty on electric vehicles and offer drivers thousands of dollars in other incentives to increase uptake as part of an ambitious $500 million plan for battery-powered cars to constitute more than half of all new car sales by 2031.But EV drivers will be hit with a road-user tax within six years to fund road and infrastructure spending, as state governments look for ways to compensate for the loss of fuel excise revenue.The $500 million package is designed to boost uptake of electric vehicles before a tax is introduced by 2027.

The $500 million plan to be unveiled in this week’s state budget is five times larger than the one recently announced by Victoria and will include significant spending on charging infrastructure across the state’s highways.

Environment Minister Matt Kean said:
”We’re charging up the nation to make NSW the Norway of Australia when it comes to electric vehicles.