Hyundai supports New South Wales government EV Strategy.

20 June, 2021

Hyundai Motor Company Australia (HMCA) has today announced its support for the New South Wales Government’s EV Strategy as outlined by Minister for Energy and Environment, The Hon. Matthew Kean. Hyundai acknowledges the leadership position taken by the New South Wales Government in developing this policy.

  • $3000 rebate for 25,000 EVs priced under $68,750: applies from 1st Sept 2021 (KONA Electric and IONIQ AE EV qualify)
  • Stamp duty waived for all EVs under $78,000: applies from 1st Sept 2021
  • Stamp duty waived for all EVs on the road, including PHEVs, from 1st July 2027
  • Road User Charge of 2.5c/km, from 1st July 2027 or when EVs make up at least 30% of new car sales (whichever comes first)
  • $171m investment in EV charging infrastructure
  • EVs granted access to commuter Transit Lanes
  • $33m to help transition NSW Govt fleet to full-EV by 2030, which will assist with supply of used EVs to private buyers
  • We also understand a further $105m will be spent on a corporate EV fleet incentive program to help local companies (details TBC)

HMCA Chief Operating Officer, Mr John Kett, said: “The New South Wales Government’s stated ambition is to make NSW the easiest state in Australia to buy and drive an Electric Vehicle. This strategy goes a long way to making that a reality. We congratulate the State Government and recognise New South Wales as now setting the pace for the rest of Australia.

Significant investment in the charging network, in both urban and regional areas, is a welcome initiative. Highly developed infrastructure provides confidence to customers and removes uncertainty around being able to charge EVs away from home.

Providing stimulus for improving low EV adoption rates in Australia, by offering tax relief and purchase incentives for customers, is another encouraging step. We’ve seen government incentives stimulate adoption rates in advanced markets overseas and the NSW EV Strategy is at world best-practice levels in that regard.

We also acknowledge the New South Wales Government’s own commitment to convert its fleet to fully electric by 2030, with an interim target of 50% by 2026. We look forward to being a key partner in that transition as we continue to expand the range of Hyundai EVs available to all Australians in the future.”

HMCA Chief Executive Officer, Mr Jun Heo, said: “Hyundai is greatly encouraged by the EV Strategy announced by the New South Wales Government today. It is a world-class progamme – ambitious, broad-ranging and a significant step forward in the development of zero-emissions transport for New South Wales and for Australia.”

To learn more about the subsidy, see the New South Wales Electric Vehicle Strategy here.