The NSW Government has opened the latest round of its EV fleets incentive, making $5 million in co-funding available to help businesses and organisations trial electric vehicles and supporting charging infrastructure.
The program is designed to reduce upfront costs associated with transitioning fleet vehicles to electric, with funding available for the purchase or lease of up to 15 battery electric vehicles (BEVs), as well as the installation of smart charging infrastructure.
For the first time, the incentive has been expanded to include heavy vehicles of up to 23 tonnes gross vehicle mass, widening eligibility for freight, logistics and service operators seeking to electrify larger parts of their fleets.
Under the current round, incentives include $5,000 for eligible passenger vehicles and SUVs, between $5,000 and $8,000 for light commercial vehicles weighing 2.5 to 3.5 tonnes, and between $10,000 and $50,000 for heavy commercial vehicles ranging from 3.5 to 23 tonnes. Funding is also available to cover up to 50 per cent of the cost of installing charging infrastructure, capped at $60,000 per charger depending on vehicle and charger type.
Since its introduction, the EV fleets incentive has allocated $46 million to support the rollout of more than 5,300 battery electric vehicles and 2,400 chargers. According to the State Government, this represents around 5.2 per cent of all EV registrations in NSW.
The current funding round is being offered on a first-come, first-served basis and will remain open until May 2026, or until funding is fully allocated.
Terry Niemeier, Director of Transport Electrification and Safeguard, says the inclusion of heavy vehicles is intended to support deeper emissions reductions across the transport sector. He says the incentives are helping businesses lower operational costs while contributing to improved air quality and progress toward the state’s net-zero targets.
Further details on eligibility and application requirements are available through the NSW Government’s energy programs portal.
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