Queensland's $6,000 EV rebate scheme kicks into gear
There’s never been a better time to buy an electric vehicle (EV) with eligible Queenslanders able to receive $6,000 cash back in their pocket from 1 July 2023.
Motorists now also have more EVs to choose from with the car value limit lifted to $68,000 under the State Government’s Zero Emission Vehicle Rebate Scheme.
Another option for Queenslanders to score cash back is through a range of Federal Government incentives.
Those looking to lease or salary-sacrifice a plug-in-hybrid electric or fully electric car, up to the luxury car tax threshold of $89,332 (FY24), no longer pay any post-tax (or fringe benefits) contributions. This saves approximately $4,700 annually over a three-year lease.
Experts predict these incentives will supercharge already surging sales, with data from the Australian Automobile Association’s (AAA) EV Index showing a 79% increase in new EV purchases in Queensland in the first quarter of 2023.
From January – March 2023 3,982 new EVs were sold in Queensland with Tesla, BYD and Volvo topping the list as marques of choice.
RACQ’s General Manager of Advocacy, Joshua Cooney said, the government incentives are important for Queenslanders as they choose to transition to more sustainable transport options.
“The State Government’s EV rebate boost will make electric cars more affordable and give motorists more choice when purchasing their next car,” Mr Cooney said.
“It’s evident Australians and Queenslanders are hungry for sustainable cars, and we need to be doing as much as possible to make EVs more affordable and convenient.”
The AAA’s EV Index also highlighted the Gold Coast was the most EV obsessed city, with local postcodes of Surfers Paradise and Main Beach (4217), Hope Island (4212), Southport (4215), Broadbeach (4218) and Biggera Waters (4216) making it into the State’s top 10 for EV ownership.
Other top EV ownership postcodes in Queensland included West End, South Brisbane and Highgate Hill (4101), Herston, Newstead, Bowen Hills and Fortitude Valley (4006), Chapel Hill and Kenmore (4069) and Carindale and Camp Hill (4152).
As the consumer interest continues, government rebates are a solid first step in making low-emission vehicles more affordable for Queenslanders.
To find out more visit:
Queensland Zero Emission Vehicle Rebate Scheme | Queensland (qrida.qld.gov.au).
Australia’s National Electric Vehicle Strategy | energy.gov.au