The Queensland Labor Government has double the electric vehicle discount for households from $3000 to $6000 and raised the price cap on new vehicles that qualify under this program to $68,000 – expanding the range of vehicles available.
Applicants must have a gross household income of $180,000 or less in order to enjoy the maximum discount under the Zero Emission Vehicle Discount Program.
The double discount is only available to eligible households as per today’s announcement – that is, two individual discounts worth $3000 – but individual buyers, as well as households, are above the income threshold. will still enjoy the old $3000 discount.
Applicants who have previously applied for and received a $3000 rebate under the program and who are below the gross gross income threshold are considered eligible for a reassessment and additional payment of the $3000 rebate.
Raising the threshold to $68,000 means buyers have access to more choice than the old $58,000 limit allowed, with the network expanding to include vehicles like Cupra was born, Nissan Leaf e+ And Pole star 2.
And of course, most importantly, it also opens up the possibility of being on the bestseller list Tesla Model 3.
Electric vehicle starting below the allowable threshold:
Never miss an opportunity to score politically, Queensland’s Energy, Renewables and Hydrogen Minister Mick de Brenni said:
“We saw electric vehicle prices fluctuate due to rising raw material costs and inflation left behind by the Morrison Government, so we raised the qualifying price cap… and increased the discount amount.”
“We want more zero-emission vehicles on Queensland roads with Queensland families having access to cheaper and cleaner vehicles.”
The scheme can also be exploited by businesses, with the government scheme allowing Queensland companies to apply for up to five rebates per financial year.
Mr de Brenni added: “This is an opportunity for Queensland businesses to step up and contribute to emissions reductions through the transformation of their fleet operations.
However, electric cars managed or leased through a rental agreement or fleet organization are likely to be excluded, as are used cars.
Details of the new requirements and updated application forms will be available online from 1 July 2023. The current program will remain in place until then, so the government advises “any whoever buys a new electric car… write down proof of purchase to access discounts.”
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Australia’s two cheapest trams: BYD Atto 3 and MG ZS
The government also says the plan will boost the used car market, making electric vehicles more affordable in the coming years.
The Queensland Government has committed $45 million (theoretically equivalent to 7,500 payments worth $6,000) for a rebate that will be provided until funding runs out. As of this week, 1135 old $3000 rebates have been approved.
RACQ Motor Club praised the move, saying their research shows the $6000 rebate would have a positive impact on EV prices, leaving several electric models at the same or even the same price. Cheaper than petrol cars.
“For example, with increased rebates, the MG ZS Excite EV and its petrol counterpart, the MG ZST Excite 1.3L will both cost around $1032 per month to own and operate over a 5-year loan,” he said. it claims.
“A Tesla Model 3 will be cheaper than its closest petrol model, the Honda Accord Vti Turbo 1.5, at $1534 and $1550 per month, respectively.”
Director General of Advocacy Joshua Cooney said it was clear that more and more Queenslanders were interested in buying electric vehicles with the Australian Automobile Association (AAA) Electric Vehicle Index showing new electric vehicle sales in the UK. The state grew by 79.6% in the first three months of 2023.
The agency called on the government to provide the scheme for cars purchased with a new lease.
As we recently reported in our quarterly EV reportQueensland’s electric vehicle market share is at 6.5%, higher than Victoria (5.3%) but lower than New South Wales (7.6%).
Electric vehicle sales in Q1 2023 by State:
- New South Wales: 6399, 7.6% market share
- Queensland: 3892, 6.5% market share
- Victoria: 3621, 5.3% market share
- Western Australia: 1524, 5.5% market share
- Australian Capital Territory: 838, 18.9% market share
- South Australia: 787, 4.4% market share
- tasmania: 295, 6.5% market share
- Northern Territory: 43, 2.0% market share
While Queensland’s tram discounts are currently the highest in Australia, all regions now offer their own support packages to increase attraction.
For example, New South Wales is sponsoring 25,000 $3000 value rebates for electric vehicles under $68,750 and eliminating the registration tax on electric vehicles under $78,000, while in Victoria there is access to the account. $3000 discount on electric vehicles under $68,740.
The previous highest rebates belonged to Western Australia, which in May 2022 announced an EV support package that includes a $3500 discount for buyers spending less than $70,000.
THAN: What electric car buyer incentives are on offer across Australia?
