NSW Premier considers axing electric-car subsidies
New South Wales could become the second Australian state to repeal its generous electric-car rebates, with Premier Chris Minns claiming the cash-back scheme is causing vehicle prices to go up.
The Premier of New South Wales has claimed electric-car subsidies are driving up the price of new vehicles as automakers aim to maximise profit from the in-demand vehicles – prompting the State Government to consider pulling the plug on its rebates.
Since 1 September 2021, buyers of battery-electric and fuel-cell hydrogen-electric cars in New South Wales have been offered a rebate of $3000 on vehicles with a dutiable value of up to $68,750, which included dealer delivery and optional extras but before registration and government costs.
Stamp duty has also been waived for eligible vehicles worth up to $78,000.
However, New South Wales treasury estimates have showed the incentives were not increasing electric-car sales in the state – and State Premier Chris Minns has claimed the rebates are actual
