Northern Territory locks in EV strategy
Not only full-electric cars but plug-in hybrids to benefit from NT’s EV plan that kicks off on July 1The Northern Territory government has announced fresh details of its soon-to-be-implemented electric vehicle strategy, headlined by a $300,000 commitment to helping private and business buyers secure EV chargers for their vehicles.
Under the plan, 100 private buyers will receive a $1000 grant to be put towards the purchase and installation of a home charger for their plug-in vehicle, while $2500 grants will be handed out to 80 eligible fleet and business buyers.
The other key factor of the plan is the waived stamp duty on sub-$50,000 electric cars and the waiving of the $89 registration fee.
“If the sale price or market value of the vehicle is over $50,000, you must pay three per cent stamp duty on the amount over,” a NTG spokesperson clarified.
While the NT plan doesn’t match the EV purchase rebates of up to $3500 found in other states and territories, it does apply to plug-in hybrid electric vehicles (PHEVs).
This will benefit buyers of PHEVs such as the Mitsubishi Outlander and Mitsubishi Eclipse Cross, which the Japanese brand believes are important stepping stones from internal combustion to battery-electric propulsion.
It’s worth noting fuel-cell electric vehicles (FCEVs) like the Hyundai Nexo and Toyota Mirai aren’t eligible.
The good news keeps coming though, because the NT government has stipulated that existing (second-hand included) EVs and PHEVs already registered with the NT department of transport will be eligible for the free registration when the time comes to renew, although Motor Accidents Compensation (MAC) charges will still apply.
“The Northern Territory government has developed an electric vehicle strategy and implementation plan, following community support for EVs in the 2019 discussion paper,” a government spokesperson said in a statement.
“It will address climate risk and create new economic and business opportunities by supporting the uptake of EVs. This includes battery and plug-in hybrid EVs like motorbikes and commercial vehicles.
“EVs can deliver benefits to Territorians and Territory businesses, with households being able to reduce their vehicle running costs.”
The announcement of these finer details is the icing on the cake of what’s been an increasingly rapid rollout of state and territory EV strategies around the country.
Nevertheless, various industry bodies including the FCAI and EVC are still calling for a national approach to incentivising EVs.
The Northern Territory EV strategy will come in effect on July 1 and remain in place until June 30, 2027.
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