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ueensland has taken the lead in Australia's electric vehicle market by offering the largest subsidy in the country. Starting from July 1st, the state is providing up to $6000 in subsidies for new battery-powered car purchases that fall under a specific threshold. This move aims to encourage more residents to transition to electric vehicles.
Under the new scheme, Queensland residents who have purchased a new electric vehicle on or after April 21st, 2023, with a dutiable value of $68,000 or less (including GST) can claim the $6000 subsidy. Additionally, those who purchased an electric vehicle in the state between March 16th, 2022, and April 20th, 2023, with a dutiable value of up to $58,000 (including GST), are also eligible for the subsidy.
However, it's important to note that households with a combined income of $180,000 or higher, as well as Queensland businesses, may only be eligible for a rebate of $3000.
The subsidy applies specifically to electric vehicles and covers the recommended retail price (including GST), dealer delivery and order fees, and optional extras, but excludes registration, stamp duty, and third-party insurance costs. It's worth mentioning that the subsidy does not extend to hydrogen fuel-cell vehicles, demonstrator vehicles, second-hand cars, leased vehicles, or electric motorbikes.
To qualify for the subsidy, the electric vehicle must be purchased from a motor vehicle dealer in Queensland and registered with the state's Department of Transport and Main Roads.
This generous subsidy comes as part of the Queensland Zero Emission Vehicle Rebate Scheme and positions Queensland as a frontrunner in electric vehicle incentives. The scheme aims to accelerate the adoption of electric vehicles and reduce greenhouse gas emissions.
Notably, the subsidy was introduced at the beginning of the new financial year, July 1st, 2023. Coincidentally, Tesla also announced price cuts across its range on the same day, making the Tesla Model Y Rear-Wheel drive eligible for the $6000 subsidy. This price reduction equates to substantial savings of nearly $10,000 for buyers.
Compared to other states offering subsidies ranging from $3000 to $3500, Queensland's $6000 subsidy stands out as the most lucrative incentive for electric vehicle buyers. In contrast, Victoria has discontinued its $3000 electric vehicle subsidy while simultaneously increasing the road-user tax for electric vehicles by nearly 8% from July 1st, 2023.
The Queensland Police recently introduced its first electric vehicle, the Kia EV6, as a highway patrol car, showcasing the state's commitment to sustainable transportation. Additionally, Queensland Fire and Emergency Services are conducting a trial of electric vehicles, further emphasising the state's dedication to exploring cleaner and greener mobility solutions.
With the introduction of the $6000 subsidy, Queensland is paving the way for a sustainable future and encouraging more residents to embrace electric vehicles. The initiative not only benefits individuals by making electric vehicles more affordable but also contributes to reducing greenhouse gas emissions and building a cleaner transportation ecosystem for generations to come.
