In the latest budget announcement for FY24/25, the NSW Government reaffirmed its commitment to support the adoption of electric vehicles by residents and businesses. The recent funding announcement follows on from many years of providing clear signals to Fleet Managers about the intention reduce fleet emissions and eventually transition to a Road User Charge (RUC) for EVs in 2027.
By 2030, the government wants 50% of new car being sold in New South Wales to be Battery Electric Vehicles (BEV) supporting the idea that more electric vehicles will drive down the cost of transport for NSW households and assist New South Wales to meet its net zero emissions targets.
The Government’s commitment includes:
- $149.0 million to co-fund EV fast chargers which reduces the time taken to top up batteries
- $105.0 million to support business and local government fleets to procure EVs and charging infrastructure
- $20.0 million to co-fund EV destination chargers at regional tourist destinations in New South Wales
- $10.0 million to co-fund EV kerbside chargers in metropolitan New South Wales to support EV drivers without access to off street parking
- $10.0 million to co-fund EV ready buildings to retrofit EV infrastructure in apartment buildings.
The NSW Government is committing a further $263.5 million to underpin the rollout of an
updated NSW EV Strategy.
