Western Australia extends electric car rebate scheme
07/05/2024 01:09
The WA State Government has topped up the EV funding pot, giving more potential buyers the chance to get some cash back.
The Western Australia state government has extended its rebate scheme on electric cars.
Introduced in May 2022, incentives were available on electric vehicles in the state until 31 March 2024, when the current scheme expired – but a $5.2 million funding boost from the Government announced today means it has been reignited.
Western Australians will be able to get $3500 off the cost of a new vehicle up until 10 May 2025.
To be eligible, a zero-emissions vehicle must be either fully-electric or hydrogen powered – the rebate does not apply to hybrids – a light vehicle, light commercial or light truck, and must be valued at $70,000 or less.
The car must also be new and never have been registered elsewhere in Australia or overseas, and the owner must have been granted a licence in WA on or after 10 May 2022.
“We’ve seen huge growth in the number of Western Australians purchasing electric vehicles and our rebate scheme is one of the reasons we’re seeing such a high take-up," said State Transport Minister Rita Saffioti.
“We know the cost can make electric vehicles prohibitive for many people, but these rebates are helping to make it more affordable and increasing demand within WA.
Since the announcement of the original rebate, sales of electric vehicles in Western Australia have grown significantly, with an almost fourfold increase in sales since June 2022.
Up to 31 March 2024, more than 5900 rebate applications have been paid to EV owners in WA, totalling almost $20.7 million.
Western Australia is aiming to reach net-zero emissions by 2050.
The Federal Chamber of Automotive Industries (FCAI) said it welcomed the new funding announcement as EV rebated are "critical" in reducing carbon emissions within the transport sector.
"We look forward to ongoing collaboration with government to ensure that the automotive industry continues to play a key role in achieving Australia’s pathway towards net zero. The FCAI is committed to supporting policies that encourage the growth of the EV market towards a low-emissions technology future," the FCAI said in a statement.
All of the other states and territories in Australia have also introduced rebate or incentive schemes in recent years, though in some cases these have now expired or are due to finish up this year.
For a full list of Australia's current incentives by state, click here.
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