{"id":88462,"date":"2024-12-17T05:05:17","date_gmt":"2024-12-16T19:35:17","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=88462"},"modified":"2024-12-17T05:06:27","modified_gmt":"2024-12-16T19:36:27","slug":"vic-ev-registration-discount-mb3074","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/vic-ev-registration-discount-mb3074\/","title":{"rendered":"VIC Government Signals Scrapping Of EV Registration Discount"},"content":{"rendered":"

\"Victorian<\/p>\n

The last Victorian government incentive for electric vehicles will go the way of the dodo – a decision that appears to be somewhat based on curious figures.<\/p>\n

Sales of light vehicles without internal combustion engines in Victoria are increasing at a very rapid clip according to figures from the State Government –\u00a0 from 8.9 per cent in the second quarter of 2022 to 24.2 per cent in the second quarter of 2024; but more on this in a bit. Choice of EVs is also growing, with the proportion of variants more than quadrupling over the same two-year period.<\/p>\n

The reported growth is even though the generous $3,000 subsidy on vehicles with a purchase price under $68,740 was scrapped in June last year. What remains is an annual $100 discount on the registration of zero and low emission vehicles (ZLEVs).<\/p>\n

And from 1 January 2026, that will be gone too.<\/p>\n

Soon-to-be-ex-Victorian Treasurer Jim Pallas delivered the news in Budget Update 2024\/25<\/a>.<\/p>\n

“ZLEVs pay less or no fuel excise, and this will help ensure that all road users contribute their fair share to building and maintaining Victoria\u2019s roads,” states the update.<\/p><\/blockquote>\n

Aligning vehicle registration fees for zero and low emission vehicles is expected to save\/generate $15 million in 2025\/26, $57 million in 2026\/27 and $93 million in 2027\/28.<\/p>\n

How Many EVs Again?<\/h2>\n

It’s worth repeating this – the update states:<\/p>\n

“The proportion of sales of light vehicles without internal combustion engines is growing rapidly, from 8.9 per cent in the second quarter of 2022 to 24.2 per cent in the second quarter of 2024.”<\/p><\/blockquote>\n

The 24.2% in Q2 this year in particular would be real cause for celebration – if it’s accurate. The Victorian Government and the Australian Automobile Association (AAA) may want to swap notes. The following are proportions of battery electric vehicles in new light vehicle sales in VIC according to the AAA<\/a>:<\/p>\n