The Australian Capital Territory (ACT) will roll out the “most extensive financial incentives in the country” as it pushes to phase out petrol and diesel vehicles by 2035 and encourage drivers to buy electric vehicles (EVs).
The Labor-Greens-led ACT government’s ambitious plan for the nation’s capital also includes a goal for 90 percent of new car sales to be EVs by 2030.
Among the incentives will be cheaper registration fees for EVs (details to be decided) and the waiving of stamp duty fees (taxes) for individuals buying a new or second-hand EV. Currently, EV drivers enjoy free vehicle registration until 2024.
“The government recognises that affordability of [zero emissions vehicles] remains a critical barrier for many people. To address this, we will expand on what are already the most extensive financial incentives in the country,” ACT Chief Minister Andrew Barr said in a statement….