The Northern Territory Government has announced a range of initiatives aimed at increasing the uptake of electric vehicles.
Commencing 1 July 2022, the Government will reduce registration and stamp duty fees for plug-in EVs and introduce the Electric Vehicle Charger (Residential and Business) Grant Scheme.
“$300,000 has been allocated for this grant scheme which will include 100 residential grants of $1000 and 80 business grants of $2500,” it said in a statement.
“The grants are for the purchase and installation of EV chargers. This grant will assist Territorians with approximately half the costs of a charger and installation, and will increase the availability of chargers across the Territory.”
The Government is also waving the stamp duty payable on the purchase of a plug-in EV from 1 July 2022 to 30 June 2027.
“Stamp duty is calculated at 3% of vehicle purchase price,” reads the statement.
“This incentive means that no stamp duty will be paid on $50,000 of the purchase price, representing a saving of up to $1500.”
Chief Minister Natasha Fyles said:
“We are progressively working towards a target of 50% renewables by 2030 and zero emissions by 2050.
“$300,000 will be invested in supplying part of the cost of installing an EV charger on your home or business. Local businesses and local families will benefit from this scheme – whether it’s receiving the work now to install EV charging system or to include a new asset to your business, it’s a win for the Territory.”
Minister for Infrastructure, Planning and Logistics, Eva Lawler added:
“The Territory Labor Government is continuing to strive to reach our renewables and climate change targets.
“From 1 July the Northern Territory will be leading other jurisdictions when it comes to electric vehicle incentives. $1500 off stamp duty until 2027, and the opportunity to apply to have part of your electric charging station paid off.”
