The Victorian Government’s announcement of an additional $7.2 million in electric vehicle subsidies has been welcomed by the Federal Chamber of Automotive Industries (FCAI).
With demand for zero emission vehicles growing, the original 20,000 subsidies of $3000 to support EV purchases have been exhausted, so the Victorian Government has provided another $7.2 million in funding equating to another 2600 subsidies for Victorian motorists at $3000 per vehicle.
Car manufacturers welcome the decision to extend the grants program to offer more incentives for zero emission vehicles, says FCAI chief executive Tony Weber.
“The Victorian Government’s announcement of an additional $7.2 million in purchase incentives for electric vehicles is welcome news for motorists who have been considering the move to an electric vehicle.
“This additional spending complements the Government’s charging infrastructure investment across the state,” he adds.
The FCAI points out the necessity for additional government efforts at both state and federal level to reduce vehicle emissions and the need for a national CO2 standard.
“Our overall policy objective is to reduce CO2,” Weber explains.
“While subsidies for specific technologies are welcome, our journey to reducing emissions in the transport sector needs to be a holistic one.
“The pathway to reducing emissions in the medium term will rely on a range of low emission technologies that include plug-in hybrid, hybrid and even highly efficient internal combustion engines (ICE).”
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