$300,000 Grant Program to Charge the take up of Electric Vehicles

The Territory Labor Government is taking the next steps towards a renewable future with a range of initiatives commencing 1 July 2022 aimed at increasing the uptake of electric vehicles in the Northern Territory.

With renewable energy and electric vehicles, the average NT household could reduce vehicle-running costs as well assist the Territory in hitting our net-zero emissions by 2050 target.

From 1 July 2022, the Northern Territory 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 includes 100 residential grants of $1000 and 80 business grants of $2500.  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 Territory Government’s target of net zero emissions by 2050 is supported by the uptake of EVs and providing charging infrastructure as outlined in the EV Strategy and Implementation Plan.

To further incentive Territorians to purchase EVs the Territory Government is 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. This incentive means that no stamp duty will be paid on $50,000 of the purchase price, representing a saving of up to $1500.

Investing in Electric Vehicles and providing the necessary infrastructure is in line with the Northern Territory Government’s Roadmap to Renewables, the NT Climate Change Response Towards 2050 and the Digital Territory Strategy.

To view the Electric Vehicle Strategy and Implementation Plan, visit www.dipl.nt.gov.au/transport/transport-strategies-and-plans

Quotes from Chief Minister Natasha Fyles:

“The Territory Labor Government will continue to invest in new industries, expand business opportunities and create jobs for Territorians. We are progressively working towards a target of 50% renewables by 2030 and zero emissions by 2050.

“We are protecting and creating a sustainable environment for all Territorians to enjoy. Incentives and programs like this supports jobs and our environment.

“$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.”

Quotes from Minister for Infrastructure, Planning and Logistics, Eva Lawler:

“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.

“The creation of this electric vehicle policy supports our Government’s actions on addressing climate risk and to transition to a low-carbon economy. Responding to climate change will not only help us protect our environment, but will support this new industry and the jobs that come with it.”