To: APPLICABLE TO VICTORIAN MEMBERS ONLY
The Victorian Government have announced a subsidy for purchasers of a new electric vehicle. The subsidy is designed to encourage the uptake of electric vehicles in Victoria and contribute to a target of 50% of light vehicle sales by 2030, outlined in the Zero Emissions Vehicles Roadmap.
Key points about the subsidy:
- Stage one is for 4000 subsidies, each delivering $3,000 off the upfront cost of a ZEV.
- Is available for any eligible vehicle purchased from 2 May 2021.
- Stage one is available to available to ZEVs priced below $68,740.
- The subsidy will apply at the point of purchase at the Dealership.
- The Victorian Government is working on providing further detail for industry regarding the operation of the scheme.
A fact sheet with more information about the ZEV subsidy can be downloaded below.