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.
In the market for a new car? The table below features green car loans with some of the lowest interest rates on the market for low-emissions vehicles.
Lender | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Variable | New | 1 year | More details | ||||||||||
| FEATUREDAPPLY ONLINE | |||||||||||||
Electric and Hybrid Car Loan | |||||||||||||
| Fixed | New | 2 years | More details | ||||||||||
| QUICK APPLICATION PROCESS WITH NO FEES | New Vehicle Fast Loan Low Rate
| ||||||||||||
New Vehicle Fast Loan Low Rate
| |||||||||||||
| Fixed | New, Used | 5 years | More details | ||||||||||
Fixed Car Loan (with Low Emission Vehicle discount)
| |||||||||||||
Fixed Car Loan (with Low Emission Vehicle discount)
| |||||||||||||
- Unlimited extra repayments
- Flexible repayment options
- Can apply online
- You could win a $1,000 fuel gift voucher. Open to customers who settle a car loan with loans.com.au. Terms and conditions apply.
*Comparison rates based on a loan of $30,000 for a five-year loan term. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of May 26, 2022. View disclaimer.
Image by dcbel via Unsplash
