State government rebates of $3000 will be given to the first 25,000 vehicles sold for under $68,000, while stamp duty will also be removed from EVs that cost less than $78,000 under the plan that was announced in June. People who have bought an EV since September will be able to apply for a refund in stamp duty.
“To achieve net zero emissions by 2050, the majority of new cars sold in NSW need to be EVs by 2035,” Treasurer Matt Kean said.
Electric vehicles will be able to use transit T2 and T3 lanes until at least October 2022.
As NSW subsidises the uptake of electric cars, 40 electric buses will be rolled out across Sydney over coming months. The federal government will invest close to $30 million in the program to transition diesel buses to electric, while upgrading charging infrastructure.
The first 12 of the electric bus fleet are expected to enter service on Sydney roads this month, while the rest will progressively roll out over the next six months, Energy Minister Angus Taylor said.
“The aim of the pilot is to show the technical and commercial viability of using electric buses travelling a full route without the need to stop to recharge along the way,” Mr Taylor said.
The pilot will also retrofit the Leichhardt bus depot with a host of new electric bus chargers, as well as batteries.
The majority of the funding is being drawn from the Clean Energy Finance Corporation, while $5 million will come from the Australian Renewable Energy Agency.
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