{"id":73769,"date":"2023-04-24T10:41:38","date_gmt":"2023-04-24T00:11:38","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=73769"},"modified":"2023-04-24T11:20:43","modified_gmt":"2023-04-24T00:50:43","slug":"qld-ev-rebate-raised-to-6000","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/qld-ev-rebate-raised-to-6000\/","title":{"rendered":"$6,000 QLD EV Rebate: You May Be Better Off Without It"},"content":{"rendered":"\r\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-73919\" src=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/qld-ev-rebate.jpg\" alt=\"a car made from $100 bills on top of a map of queensland\" width=\"1200\" height=\"628\" srcset=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/qld-ev-rebate.jpg 1200w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/qld-ev-rebate-300x157.jpg 300w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/qld-ev-rebate-1024x536.jpg 1024w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/qld-ev-rebate-768x402.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\r\n<p><strong>Crikey! $6,000 Off EVs In QLD!<\/strong><\/p>\r\n<p>Good news for banana benders wanting to own an EV.\u00a0 The Queensland Government has increased their state&#8217;s rebate for new electric vehicles from $3,000 to $6,000.\u00a0 But that&#8217;s not the only good news.\u00a0 Their announcement contains three juicy bursts of electric mobility goodness:<!--more--><\/p>\r\n<ol>\r\n<li>The EV rebate is increasing from $3,000 to $6,000 dollars.<\/li>\r\n<li>If you have already received the $3,000 rebate, you can apply to get the extra $3,000.<\/li>\r\n<li>The maximum cost of EVs receiving the rebate no longer includes delivery charges and has been increased from $58,000 to $68,000.<\/li>\r\n<\/ol>\r\n<p>But there is a bit of sad news for rich buggers:<\/p>\r\n<ul>\r\n<li>While any Queensland household can receive the original $3,000 rebate for EVs, only those with a total gross household income of $180,000 or less can receive the $6,000 rebate.<\/li>\r\n<\/ul>\r\n<p>That is unfortunate news for high-income earners.\u00a0 But as I&#8217;ve never made more than $179,000 in my life, I have no bloody sympathy for you.\u00a0<\/p>\r\n<p>Another bit of unfortunate news: I see no indication in either the <a href=\"https:\/\/statements.qld.gov.au\/statements\/97613\">media release<\/a> or the <a href=\"https:\/\/www.qrida.qld.gov.au\/program\/queensland-zero-emission-vehicle-rebate-scheme\">Queensland Government page on the rebate<\/a> that people who missed out on the rebate because they bought an EV between $58,000 and $68,000 can get it now.\u00a0 I presume they would say so if you could, so I don&#8217;t think it&#8217;s possible.\u00a0 But, if they have any sense, they&#8217;ll clarify this.\u00a0 If they don&#8217;t, there&#8217;s no harm in asking.\u00a0 Except for, maybe, being put on hold for two and a half hours.<\/p>\r\n<p>The increase won&#8217;t start until July, but since you can still get it for an EV you buy now, this shouldn&#8217;t affect your purchase decision.<\/p>\r\n<div id=\"attachment_73845\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-73845\" class=\"size-full wp-image-73845\" src=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/qldev-cheeky.jpg\" alt=\"EV plus pollie and two other people.\" width=\"850\" height=\"637\" srcset=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/qldev-cheeky.jpg 850w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/qldev-cheeky-300x225.jpg 300w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2023\/04\/qldev-cheeky-768x576.jpg 768w\" sizes=\"(max-width: 850px) 100vw, 850px\" \/><p id=\"caption-attachment-73845\" class=\"wp-caption-text\">This is the picture the Queensland Government included with the media release. It named the minister in the middle but not the other two. In my opinion, that&#8217;s a bit bloody cheeky!\u00a0 This Honorable Nick de Brenni guy is just a politician, not bloody Charles Windsor &#8212; the King formally known as Prince. He&#8217;s just an elected manager, and a good manager recognizes the contribution of fellow workers.<\/p><\/div>\r\n<h2>Bullshit Politician-Speak<\/h2>\r\n<p>The media release gives three reasons for the increase in both the rebate and the maximum cost of vehicles it applies to:<\/p>\r\n<ol>\r\n<li>Making <a href=\"https:\/\/www.solarquotes.com.au\/electric-vehicles\/\">electric vehicles<\/a> more affordable for hardworking Queenslanders.<\/li>\r\n<li>Increasing rebate eligibility and the amount for eligible Queenslanders.<\/li>\r\n<li>Opening the door for more accessibility to an even greater range of EVs.<\/li>\r\n<\/ol>\r\n<p>That sounds good, but the first point is bullshit.\u00a0 You don&#8217;t have to be hardworking at all.\u00a0 You can be the laziest bastard north of Coolangatta, and you still have as much right to receive the rebate as someone who works 90 hours a week.\u00a0 It&#8217;s like they don&#8217;t even bother to check these things before setting their media releases free.\u00a0 In fact, being a lazy bastard and not having too much money coming in can be a benefit.\u00a0 I&#8217;ll explain why further below.\u00a0<\/p>\r\n<p>What the improved rebate will do is help the state meet its stated goal of all new car sales being <a href=\"https:\/\/www.publications.qld.gov.au\/dataset\/zeroemissisonvehiclestrategy\/resource\/cc180075-23bb-499f-8ac2-d1704973feca\">zero emissions by 2036<\/a>.\u00a0<\/p>\r\n<h2>5 Rebates A Year For Bussiness<\/h2>\r\n<p>Individuals can get one EV rebate &#8212; ever!\u00a0 So if there are two adults in your household you could each get one EV and one rebate.\u00a0 Businesses can get up to five rebates per financial year.\u00a0 But they shouldn&#8217;t rely on the rebate being available long term.<\/p>\r\n<h2>Eligibility<\/h2>\r\n<p>For an individual to receive a rebate, they will need:<\/p>\r\n<ul>\r\n<li>A valid Queensland licence<\/li>\r\n<li>Queensland residence<\/li>\r\n<li>Proof of purchase<\/li>\r\n<\/ul>\r\n<p>Note the rebate doesn&#8217;t come off the purchase price of an EV but is received after you buy it.<\/p>\r\n<p>For an EV to be eligible for the rebate, it has to be:<\/p>\r\n<ul>\r\n<li>New &#8212; No second-hand vehicles, including dealer\/demonstrator vehicles.<\/li>\r\n<li>A goddamn car &#8212; Motorbikes, large trucks, semis, e-bikes, and milk floats don&#8217;t count.\u00a0 Vans and light commercial vehicles are okay if they&#8217;re under 4.5 tonnes.\u00a0 Boats are right out.<\/li>\r\n<li>Zero emissions &#8212; This means the vehicle must not emit gases as part of normal operation.\u00a0 So no hybrids or plug-in hybrids.\u00a0 In practice, this means only full-battery electric vehicles can get the rebate.\u00a0 Technically, hydrogen-powered cars could be eligible, but none are currently available under the price maximum.<\/li>\r\n<li>Registered\/purchased after March 16th 2022.<\/li>\r\n<li>Not leased &#8212; This is actually a big deal because it means you can&#8217;t combine the Queensland rebate with the Federal Fringe Benefits Tax Exemption for EVs.<\/li>\r\n<\/ul>\r\n<h2>Better Off Without It?<\/h2>\r\n<p>The EV rebate will be useful to many Queenslanders, but it&#8217;s not as useful as it seems because there will also be many who&#8217;ll be better off without it.\u00a0 This is because they can save more money by leasing to buy an EV and taking advantage of the <a href=\"https:\/\/www.ato.gov.au\/Business\/Small-business-newsroom\/Employers\/Sparks-are-flying-this-coming-FBT-year\/\">EV Fringe Benefits Tax Exemption<\/a>.\u00a0 This can only be done through a business, either one you work for or one you own.\u00a0 It can potentially save a person with a high income over $25,000 on the cost of a new EV.\u00a0 Because this can only be done through a lease it&#8217;s not possible to double up and receive the Queensland EV rebate as well.<\/p>\r\n<p>I&#8217;m not an accountant, so take this with a grain of salt, but if you make more than around $50,000 a year and the Fringe Benefits Tax Exemption is an option, you may be better off using that than the $6,000 Queensland EV rebate.\u00a0 But there will still be plenty of people without this option who will benefit from the rebate.\u00a0<\/p>\r\n<p>I consider the Fringe Benefits Tax Exemption unfair in that it&#8217;s only useful to people with a decent amount of money coming in, so the increased Queensland rebate somewhat redresses this.\u00a0<\/p>\r\n<h2>It May Not Last For Long<\/h2>\r\n<p>The Queensland Government has set aside $45 million for the EV rebate.\u00a0 So far, 1,135 rebates have been used already.\u00a0 Assuming they&#8217;ll all get the full $6,000, there&#8217;s only $38 million left.\u00a0 As EV purchases are rapidly increasing, the rebate may only be around for a couple more years.\u00a0 I expect many people will use the Fringe Benefits Tax Exemption instead, which may stretch out the supply, but I wouldn&#8217;t rely on it being around for too long.\u00a0<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Crikey! $6,000 Off EVs In QLD! Good news for banana benders wanting to own an EV.\u00a0 The Queensland Government has increased their state&#8217;s rebate for new electric vehicles from $3,000 to $6,000.\u00a0 But that&#8217;s not the only good news.\u00a0 Their announcement contains three juicy bursts of electric mobility goodness:<\/p>\n","protected":false},"author":10,"featured_media":73919,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[684],"tags":[],"class_list":["post-73769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-electric-vehicles","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - 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