Helping bridge the cost to electrify fleets
The NSW Government is committed to helping private businesses, not-for-profits and local councils bridge the cost to transition their fleets to electric passenger, light commercial or sports utility vehicles. NSW Government will invest $105 million via a competitive reverse tender auction process to assist this transition.
NSW Government has launched the Drive electric NSW EV fleets incentive, helping private businesses, not-for-profits and local councils across the state accelerate their transition to EVs at a lesser cost, while lowering state transport emissions.
Corporate and government fleets account for over half of new vehicle sales in Australia, are a significant source of second-hand vehicles, often drive more kilometres and have higher expenses for fuel and maintenance.
When organisations electrify their fleets, they are not only presented with a huge opportunity to reduce their emissions and save money but can have a powerful impact on the national market, spurring demand for and increasing supply of electric vehicles, both new and used.
The incentive will help bridge the cost of transitioning passenger, light commercial or sports utility vehicles to either battery EVs or fuel cell EVs through a reverse tender auction process, with additional funds also available for smart base charging.
Registrations for the first round of funding will open on 30 November 2021, with funding rounds offered around every 6 months until the end of 2024.
This incentive will help meet outcomes of the EV Strategy to increase EV sales to 52% by 2030-31 and see the vast majority of new car sales being EVs by 2035, while working towards net-zero emissions by 2050.
Further information on the funding guidelines and funding rounds is available here.