Northern Territory introduces more incentives for electric and hybrid vehicles

The Northern Territory Government has announced additional financial incentives designed to encourage the uptake of electrified vehicles in the region.

Owners of electric vehicles (EVs) and plug-in hybrids (PHEVs) will now be able to apply for an Electric Vehicle Charger Grants Scheme to help fund the installation of electric vehicle chargers, with 100 grants of up to $1000 available to residents, and 80 grants of $2500 being made available to businesses.

The NT Government has allocated $300,000 to fund the program, which it says will benefit local businesses and families.

The grants are in addition to stamp duty and registration discounts previously announced by the government.

From 1 July 2022, stamp duty fees will be waived for EVs and PHEVs priced up to $50,000 – saving owners a maximum of $1500, effectively wiping the stamp duty charge altogether on these vehicles.

These vehicles will also have annual registration fees waived, with the incentives set to last five years.

“The Territory Labor Government is continuing to strive to reach our renewables and climate change targets,” NT Minister for Infrastructure, Planning and Logistics, Eva Lawler said at the announcement.

“From 1 July the Northern Territory will be leading other jurisdictions when it comes to electric vehicle incentives,” she said.

“The creation of this electric vehicle policy supports our Government’s actions on addressing climate risk and 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.”

As previously shown by Drive, the NT joins the ACT and South Australia in offering free registration, along with Tasmania, NSW, and the ACT in waiving stamp duty costs.