The New South Wales state government has several programs to promote electric vehicle use. Some include financial and other incentives for electric vehicle charger installation.
There are 4 basic NSW Government EV charger subsidy programs.
- Hosting electric vehicle fast charging sites – for owners or managers of locations
- Electric vehicle fast charging grants – for CPOs (charging point operators)
- Electric vehicle destination charging grants – for owners or managers of tourist destinations
- Electric vehicle fleets
The first two in particular are part of an investment to expand existing public fast charging across the state. This involves co-funding private industries to build and operate charging stations every 100 km along major NSW highways, and every 5 km along commuter corridors in metropolitan NSW.
Hosting electric vehicle fast charging sites
Businesses, commercial property owners and managers, local councils as well as site operators and owners across NSW will have the chance to participate in a world-class charging network.
Essentially your business or organization lodges an EOI (expression of interest) to HOST an EV site. The Government shares the EOIs with CPOs (charge point operators). Then a CPO would apply for an electric vehicle fast charging grant to construct it on your site.
EVC Electric Vehicle Chargers can act as a CPO for your business. The more sites a CPO applies for, the more likely it will get NSW Government EV charger program funding.
This is a map of the area the government is particularly interested in getting chargers to. The Green to greenish yellow hubs are the key regional places. The red areas, e.g. metro Sydney seem to have good coverage for EVCs.
The return on investment (ROI) on an EV charging station can be good. These government incentives make it even better.
Electric vehicle fast charging grants
The Drive Electric NSW EV fast charging grants will support charge point operators (CPOs) to construct fast charging stations across the state. This couples with the hosting program we describe above.
Applicants for these NSW Government EV charger incentives must fund a minimum of 50% of the total project capital cost and can apply for up to $15 million in funding across multiple locations in round one. Co-funding can also include renewable energy generation and battery storage for EV charging stations.
Electric vehicle destination charging grants
The government is investing $20 million to assist eligible regional NSW destinations by co-funding the purchase and installation of EV chargers. For these destination grants, up to four 7kW and 22kW chargers will get a subsidy.
An investment in EV charging by your business will:
- attract new visitors to your site
- enhance your visitors’ experience
- increase the average length of time visitors spend at your site
It will enable you to promote your location and EV charging facilities through online charging maps, future EV tourist drives, and word of mouth.
This NSW Government EV charger subsidy could be a key driver for any destination’s EVC strategy. The funding consist of up to 75% of a EV charger unit cost plus 75% of installation cost (up to $1,000 per charger)and the scheme will also pay 50% of EVC software costs. There is a total limit of $7M in the first round and there are time deadlines too. A drawback is that the government can be slow to approve, so make sure that you apply early.
The operator of the regional tourist destination has to apply for the funding, with landlord consent if necessary.
You can review the eligible EV supply equipment software and hardware is in this document.
To make sure that you are eligible for this free government money, you should apply NOW, there are deadlines, and you don’t want to miss out. EVs are the way of the future, and you’ll find that installing EV supply equipment attracts affluent customers.
Finally, it’s all government approved technology so you know it’s compliant with standards.
Contact us today and we will guide you through the application process. Several of the eligible LGAs (local government areas) that are on the approved list are close to our offices. For example, Central Coast, Lake Macquarie, Maitland, Muswellbrook and the Upper Hunter.
However, we can work with anyone who has a location in one of the eligible LGAs. Contact us today to find out if you are eligible. Our experts can help you through the application process as well.
Round one for the NSW Government EV charger subsidy for destinations opened for 4 months from Monday 23 May 2022 to Friday 23 September 2022, with a total funding allocation of $7 million. There will be multiple funding rounds through to 2024 supporting the growth of the EV destination charger network across regional NSW. However, Government policy is subject to change, so it is better to apply early.
Electric vehicle fleets incentive
Business has an opportunity to access an NSW Government EV charger subsidy to support the purchase of battery electric vehicles (BEVs) or fuel cell electric vehicles (FCEVs).
This will help businesses bridge the cost of transitioning a fleet’s passenger, light commercial or sports utility vehicles to BEVs through a reverse auction process. Additional funds are also available for smart base charging.
It’s important that any business claiming to support renewables walk the talk, too. Your staff can’t be pulling up in a petrol guzzling Leyland P-76 or FJ Holden utility if you’re presenting yourselves as champions of renewables. The Government is offering incentives to fleet owners to buy EVs by making up the difference in price between fossil fuel and EVs. The minimum fleet size is 10. You don’t have to buy 10 at a time, just have 10 in your overall fleet!
While the first round is over, funding is won by a reverse auction process.
The platform will calculate the difference in the total cost of ownership (TCO) compared to vehicles that you would have otherwise purchased or leased, as well as the savings in emissions (CO2 equivalent). Once you calculate these amounts you will be able to request funding per vehicle, and the $/tonnes CO2e (which is how you will be ranked against other bidders), will automatically output.