NT electric vehicle incentives to include free registration for five years, removing stamp duty: NT Govt releases EV strategy

Free registration for five years and effectively removing stamp duty fees for electric vehicles may be incentives under the NT Government’s push to encourage the transition to zero emission vehicles.

Free registration for five years and effectively removing stamp duty fees for electric vehicles may be incentives under the NT Government’s push to encourage the transition to zero emission vehicles

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REDUCED registration and stamp duty fees for electric vehicles will be a consumer incentive under the NT government’s Electric Vehicle (EV) Strategy and Implementation Plan.

REDUCED registration and stamp duty fees for electric vehicles will be a consumer incentive under the NT government’s Electric Vehicle (EV) Strategy and Implementation Plan.

Renewables and Energy Minister Eva Lawler said actions in the Implementation Plan have been directly influenced by feedback from the community.

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This includes 79 per cent of respondents supporting the NT government encouraging EV use and 77 per cent agreeing that now is the right time to encourage EV use.

Ms Lawler said the NT Government is working with other jurisdictions and the Australian Government to co-ordinate the transition to low and zero emission vehicles, with the release of its EV strategy “setting out a clear direction for the NT”.

According to the Implementation Plan, proposed incentives to encourage Territorians to make the switch to electric vehicles include free rego for five years, reducing stamp duty for first time registration of new and second hand EVs by $1500 for five years (effectively removing stamp duty for EVs up to a purchase cost of $50,000), and grants for home, public and workplace charging stations.

The strategy’s focus on passenger and light commercial vehicles is because these are identified as most likely to be the areas with the greatest growth in the near future.

The EV strategy’s range of actions for implementation over the next five years also includes:

DEVELOPING a grant program for home, workplace and public EV chargers;

FACILITATING the installation of more EV charging stations;

SUPPORTING local innovation in EV technology;

SKILLS development for EV servicing and EV charging infrastructure installation;

PROMOTING information on EV charging locations; and

INCREASING the number of EVs in the Northern Territory government fleet

“Feedback indicates there is significant support for the NT government installing EV chargers, as well as setting targets for the NT government fleet,” Ms Lawler said.

“Implementation of this electric vehicle policy confirms our government’s actions on addressing climate risk to transition to a low-carbon economy.

“Responding to climate change will not only help us protect our environment, but will support this new industry and the jobs that come with it.”

Minister Lawler said the Northern Territory government is working with other jurisdictions and the Morrison federal government to co-ordinate Australia’s transition to low and zero emission vehicles.

“The release of the NT government’s EV Strategy and Implementation Plan is setting out a clear direction for the Territory,” she said.

To view the Electric Vehicle Strategy and Implementation Plan, visit dipl.nt.gov.au/transport/transport-strategies-and-plans.