Electric vehicles have become a commercially viable solution for modern business operations – they’re a practical, cost-saving reality for businesses across New South Wales.
There are a range of government EV incentives and innovative financing options to support organisations transitioning their fleets to electric.
The Australian government’s Electric Car Discount offers Fringe Benefits Tax (FBT) exemptions for eligible battery-electric and plug-in hybrid vehicles, saving businesses and employees up to $5,000 annually.
This policy is helping grow the second-hand EV market, making clean transport more accessible to everyday Australians.
The NSW Government’s EV Fleets Incentive has two funding streams—Kick-start and Competitive Bid—covering part of the cost gap between EVs and traditional vehicles. Sign up to receive updates and take advantage of future funding rounds.
With additional acceleration funding available, now is the time for businesses to act.
To support informed decision-making, businesses can use the Vehicle Emissions Star Rating (VESR) platform to compare vehicle emissions, running costs, and safety ratings.
Fleet operators can use the VESR to evaluate total cost of ownership and environmental impact.
Many EVs are rated 5 stars or higher, and offer lower fuel and maintenance costs.
For small and medium enterprises (SMEs), the MetroEco loan program, backed by the Clean Energy Finance Corporation (CEFC), provides discounted finance for EVs and related infrastructure.
With over $100 million committed, this initiative is helping thousands of businesses reduce emissions and energy costs.
Real-world success stories demonstrate the impact.
STARTTS, a NSW-based humanitarian organisation, has introduced 22 EVs into its fleet with support from the EV Fleets Incentive, cutting fuel costs and aligning operations with sustainability goals.
Similarly, TAFE NSW has converted 29 vehicles and installed 14 chargers across campuses, showcasing leadership in clean transport.
Together, these programs are helping NSW businesses cut costs, reduce emissions, and drive toward a net-zero future.
NSW businesses are leading the EV fleet transition. Access the EV incentives and join them!