Electric car discounts needed to boost Australian uptake, inquiry hears

AutoExec Summary
In an inquiry, MPs were told that offering incentives on second-hand electric vehicles could make them more affordable for Australians who cannot afford new ones. The incentives could help increase the uptake of electric vehicles in Australia and make them more accessible to people on lower incomes. Suggestions included extending the Fringe Benefits Tax exemption for plug-in hybrid electric vehicles and means-tested subsidies. Incentives could also stabilize the second-hand car market, which is currently experiencing turmoil due to fluctuating electric vehicle sales. The Electric Vehicle Council is calling on all Australian governments to maintain incentives to encourage uptake until the market reaches at least 30 percent.

Brands mentioned: BYD, MG, GWM