Queensland Government launches $3,000 electric vehicle subsidy

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on March 16, 2022 Fact Checked
Queensland Government launches $3,000 electric vehicle subsidy

From 1 July the Queensland Government will offer a $3,000 electric vehicle subsidy to boost the uptake of electric vehicles.

Places are limited to 15,000 electric vehicles (EVs) to the maximum value of $58,000.

This means popular EVs such as the Hyundai Kona, Hyundai Ioniq, Nissan Leaf, and MG ZS could be eligible for the subsidy.

The government will also commit $10 million to build more public charging stations, with new stations jointly-funded between local government and private sector firms.

While the $3,000 subsidy brings Queensland in line with other states' policies, the $58,000 threshold is $10,000 lower than the subsidies currently on offer in NSW, Victoria and SA.

Read more: Electric vehicles around $50,000 compared

Queensland Premier Annastacia Palaszczuk said the goal is to reduce emissions and kickstart the economy.

"The skyrocketing price of petrol is putting enormous strain on household budgets," the Premier said.

"There are plenty of Queenslanders out there who want to make the switch to electric; that’s why we are going to do what we can to make the cost of electric vehicles that little bit cheaper."

Earlier this week, the ACCC revealed petrol prices hit an eight-year high in February with many cities' fuel prices surpassing $2.20 per litre for regular unleaded.

Strategist at Solar Citizens Stephanie Gray said with fuel prices and the cost of living going through the roof, more and more people want to switch to electric vehicles.

"Government support for the rollout of electric vehicles is vital for Australian families to have a long-term solution to battle volatile petrol prices," Ms Gray said.


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    Image by dcbel via Unsplash

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    Jacob Cocciolone joined the Savings team in 2021 as a Finance Journalist. Driven by a passion for keeping Australians up to date with the latest financial news and trends, his areas of interest include financial technology, investing, property and motoring.

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