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New South Wales is set to welcome an influx of electric vehicles (EVs) to the roads after the second round of NSW Liberal and Nationals Government’s EV fleets incentive initiative.

The first two rounds of Government support are expected to boost EV registrations by more than 10 per cent and together, has brought 2,000 EVs to the roads.

“Round 3 is now open as we fast track the State’s vehicle fleet of the future,” Treasurer and Energy Minister Matt Kean said.

The NSW Liberal and Nationals Government is investing $105 million to support commercial fleets to purchase new EVs and fuel cell electric vehicles.

Organisations in rideshare and vehicles subscription sectors represented a large portion of Round 2.

“The second round had 20 successful bidders – 17 individual fleets and three fleet aggregators – who will receive a financial incentive to shift to EVs,” Mr Kean said.

“Successful bidders will also receive financial support to co-fund a total of more than 1,000 smart chargers.”

The incentive is part of a $633 million Electric Vehicle Strategy, designed make the cost of new EVs closer to the price internal combustion engine vehicles.

“Corporate and government fleets account for over half of new vehicle sales in Australia and are a significant source of second-hand vehicles,” Mr Kean said.

“Leveraging the bulk purchasing power of fleets can expand both the range of models and number of EVs in NSW, which means prices will fall and more vehicles will be available to private buyers via the second-hand market in coming years.”

Interested in learning more about Round 3? Click Here.