Northern Territory announces $300,000 grant scheme for EV and PHEV chargers

The Northern Territory Government has announced an investment package worth $300,000 for the installation of electric vehicle (EV) and plug-in hybrid vehicles (PHEVs).

Set to be implemented from July 1, 2022, the NT Government will introduce the Electric Vehicle Charger (Residential and Business) Grant Scheme – providing 100 residential grants of $1000 and 80 business grants of $2500 to applicants with EVs and PHEVs – halving the cost of purchase and installation of most chargers.

On top of this, the State Government will also scrap stamp duty on new EVs and PHEVs worth up to $50,000 from July 1, 2022, until June 30, 2027, saving buyers up to $1500.

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Northern Territory Chief Minister Natasha Fyles said the investment was crucial for the Territory to achieve its goal of net-zero emissions by 2050.

“The [Northern] Territory Labor Government will continue to invest in new industries, expand business opportunities and create jobs for Territorians," said Fyles.

"We are progressively working towards a target of 50 per cent renewables by 2030 and zero emissions by 2050. We are protecting and creating a sustainable environment for all Territorians to enjoy. Incentives and programs like this supports jobs and our environment.

“$300,000 will be invested in supplying part of the cost of installing an EV charger at your home or business. Local businesses and families will benefit from this scheme – whether it’s receiving the work now to install an EV charging system or to include a new asset to your business – it’s a win for the Territory.”

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Minister for Infrastructure, Planning and Logistics Eva Lawler believes the stamp duty saving will allow new EV and PHEV owners to invest back into new charging technology at home.

“The Territory Labor Government is continuing to strive to reach our renewables and climate change targets," said Lawler.

“From July 1, the Northern Territory will be leading other jurisdictions when it comes to electric vehicle incentives – $1500 off stamp duty until 2027, and the opportunity to apply to have part of your electric charging station paid off.

“The creation of this electric vehicle policy supports our Government’s actions on addressing climate risk and to transition to a low-carbon economy. Responding to climate change will not only help us protect our environment, but will support this new industry and the jobs that come with it.”

The NT Government has previously announced its plans to increase its fleet of electric vehicles by 20 per cent over 10 years to a total of 200 vehicles by 2030.