ZERO emissions vehicles (ZEVS) are set to become slightly more affordable, with thanks, largely due to be credited to those who already own them.
In a recent statement from Government, the rollout of a new, purpose-built $100M funding initiative was announced. The intentionally built package, has been designed to assist us as a nation, to meet the ambitious target; of net zero emissions by 2050, which will reportedly be financed in full with the funds acquired by the zero and low-emissions road user charge.
A portion of the allocated budget has been allocated to a total of 20,000 one-off, $3,000 subsidy payments, available to all Australians to assist in their purchase of a new ZEV. The first portion of which saw the initial release of 4,000 subsidy allocations become available from Sunday, May 2, with further stages and allocations said to be announced as the program progresses.
A further $5M of the budget has been allocated to an innovation fund, which aims to drive uptake of ZEVs in the commercial sector.
The Federal Government intends to lead the charge with an investment of $10M allocated to purchase 400 ZEVs which will be integrated over the coming two years, into the Government’s own fleet.
Treasurer, Tim Pallas, provided further explanation of the intention of the initiative, “These investments will encourage more drivers to consider purchasing a zero emissions vehicle, and ensure Victoria leads the nation in zero emissions vehicle uptake.”
To meet the expected need created by the increase of ZEVs on our roads, and provide drivers with more confidence to invest, the Government will invest $19M to roll out more charging infrastructure on major highways, at key tourist attractions, and locations across
Melbourne and regional Victoria ensuring ZEV owners that they will have a charging station within manageable distance when they need it.
Minister for Public Transport, Ben Carroll, added, “Electric and zero-emissions vehicles are the future of transport – and we’re making sure more Victorians can buy a clean, sustainable car as we prepare for this transport revolution.”
