The Northern Territory’s Labor Government has joined other states and territories with a new scheme designed to reduce the upfront cost of an electric vehicle, and to support the roll out of EV chargers.
Commencing July 1, the Northern Territory will reduce the cost of registration and stamp duty fees for plug-in EVs – including waving the 3% stamp duty payable on the purchase of plug-in EVs from 1 July 2022 to 30 June 2027.
No stamp duty will be paid on up to $50,000 of the purchase price, resulting in a saving of up to $1,500, and an annual saving of $89 with the waived registration fees.
Additionally, $300,000 has been allocated for a new Electric Vehicle Charger (Residential and Business) Grant Scheme which will provide 100 residential grants of $1,000 and 80 business grants of $2,500.
The grants will assist with approximately half the costs of purchasing and installing EV chargers, thus hopefully increasing the availability of residential and business chargers across the Territory.
“We are progressively working towards a target of 50% renewables by 2030 and zero emissions by 2050,” said Natasha Fyles, NT Chief Minister.
“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.”
Proof of a Northern Territory registered EV will be required to register for the EV charger grants.
The NT government is also hoping that its EV strategy will support local innovation in EV technology and help to develop skills for EV servicing and EV charging infrastructure installation.
