Cost & Savings - Electric Vehicle Council https://electricvehiclecouncil.com.au Increasing the uptake of EVs in Australia Tue, 03 Sep 2024 23:51:28 +0000 en-AU hourly 1 https://wordpress.org/?v=6.9.4 https://electricvehiclecouncil.com.au/wp-content/uploads/2022/09/android-chrome-512x512-1-150x150.png Cost & Savings - Electric Vehicle Council https://electricvehiclecouncil.com.au 32 32 How is industry working with dealerships to ensure qualified technicians can undertake repairs? https://electricvehiclecouncil.com.au/docs/how-is-industry-working-with-dealerships-to-ensure-qualified-technicians-can-undertake-repairs/?utm_source=rss&utm_medium=rss&utm_campaign=how-is-industry-working-with-dealerships-to-ensure-qualified-technicians-can-undertake-repairs https://electricvehiclecouncil.com.au/docs/how-is-industry-working-with-dealerships-to-ensure-qualified-technicians-can-undertake-repairs/#respond Mon, 30 Oct 2023 23:27:51 +0000 https://electricvehiclecouncil.com.au/?post_type=docs&p=16051 As EV ownership continues to increase, there will be a growing demand for qualified technicians...

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As EV ownership continues to increase, there will be a growing demand for qualified technicians capable of undertaking EV servicing. To address this need, industry stakeholders are collaborating closely with dealerships to establish comprehensive training programs and certification pathways specifically tailored to EV maintenance and repair.

Governments, vehicle manufacturers and industry associations are working together to provide certification programs to allow technicians to stay up to date with the latest technology and servicing techniques.

Some example courses are included below:

TAFE NSW Electric Vehicle Bus Training

TAFE NSW EV Training Solution

Centre for U: Electric Vehicle Charging Infrastructure

CIT Electric Vehicle Charging and Associated Equipment

TAFE QLD Hybrid and EV Skill Set

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What incentives are available when purchasing an EV? https://electricvehiclecouncil.com.au/docs/what-incentives-are-available-when-purchasing-an-ev/?utm_source=rss&utm_medium=rss&utm_campaign=what-incentives-are-available-when-purchasing-an-ev https://electricvehiclecouncil.com.au/docs/what-incentives-are-available-when-purchasing-an-ev/#respond Wed, 04 Oct 2023 23:31:55 +0000 https://electricvehiclecouncil.com.au/?post_type=docs&p=15551 Wondering which incentives are available to help with purchasing an electric vehicle? Currently, each Australian...

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Wondering which incentives are available to help with purchasing an electric vehicle? Currently, each Australian State and Territory has its own set of policies with different features and eligibility rules, making it challenging to understand.  

 

National:

The primary incentive at the national level is the Electric Car Discount, which provides an exemption from Fringe Benefits Tax for novated leases and company cars. You can read more about how to take advantage of this EV incentive here.

 

Australian Capital Territory:

Registration discount, stamp duty discount, zero interest loan.

 

Western Australia:

$3,500 rebate for EVs up to $70,000.

 

Tasmania:

$2,000 rebate for new and used EVs.

 

Northern Territory:

Registration discount & stamp duty discount

 

New South Wales*:

The stamp duty exemption and the rebate for all eligible EV purchases ended on 1 January 2024. You can find out more here.

 

Queensland:

The rebate for all eligible EV purchases ended on 2 September 2024. You can find out more here. However, EV owners are eligible for a 1% discount on stamp duty, and a small discount on annual registration cost.

 

South Australia*:

The rebate for all eligible EV purchases ended on 1 January 2024. However, EV owners are eligible for a 3-year registration discount. You can find out more here.

 

Victoria*:

The Zero Emissions Vehicle Subsidy is now closed in Victoria. However, EV owners remain eligible for a registration discount.

 

*While NSW, SA and VIC have made progress in promoting EV adoption through rebates, it’s disheartening that the these governments have decided to prematurely scrap their EV incentives. The NSW incentives have played a crucial role in driving a remarkable 400% increase in EV sales, with a shift towards middle-income and suburban communities, aligning with our goal of broad EV adoption. These sudden policy changes not only jeopardise our climate targets, including the 43% emission reduction goal and the broader aim of achieving net-zero emissions, but also disproportionately affect those who cannot lease vehicles, particularly in regional areas. The EVC calls on all Australian governments to maintain incentives for EV uptake until the Australian market reaches at least 30% EV sales.

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What is the FBT Exemption and how does it reduce the cost of an EV? https://electricvehiclecouncil.com.au/docs/what-is-the-fbt-exemption-and-how-does-it-reduce-the-cost-of-an-ev/?utm_source=rss&utm_medium=rss&utm_campaign=what-is-the-fbt-exemption-and-how-does-it-reduce-the-cost-of-an-ev https://electricvehiclecouncil.com.au/docs/what-is-the-fbt-exemption-and-how-does-it-reduce-the-cost-of-an-ev/#respond Wed, 04 Oct 2023 22:27:42 +0000 https://electricvehiclecouncil.com.au/?post_type=docs&p=15549 The fringe benefits tax exemption introduced last year removed the tax for EVs under $89,332...

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The fringe benefits tax exemption introduced last year removed the tax for EVs under $89,332 (luxury car tax threshold for fuel-efficient vehicles), which makes EVs more affordable and attractive for fleets and eligible individuals. This policy helps reduce the cost of an EV to be at parity with an equivalent petrol or diesel car and is already generating significant demand for EVs in the near term. 

This incentives reduces the cost of paying for an eligible EV and covering car running costs through a novated lease by thousands of dollars per year. EVs and PHEVs valued up to the luxury car tax threshold ($89,332 in FY 2023/24) are eligible for the FBT exemption. However, the exemption for PHEVs is due to expire on 1 April 2025.

You can find out more about the FBT exemption, and eligible vehicles here.

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Will I save money by owning an electric vehicle in the long run? https://electricvehiclecouncil.com.au/docs/will-i-save-money-by-owning-an-electric-vehicle-in-the-long-run/?utm_source=rss&utm_medium=rss&utm_campaign=will-i-save-money-by-owning-an-electric-vehicle-in-the-long-run Thu, 21 Sep 2023 23:08:29 +0000 https://electricvehiclecouncil.com.au/?post_type=docs&p=15497 Battery EVs don’t need any petrol or diesel but are instead charged with electricity. The...

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Battery EVs don’t need any petrol or diesel but are instead charged with electricity. The average Australian drives around 12,000km per year and spends around $2,500 on petrol. This equates to around $0.20/km.

On average, an EV travelling 12,000km each year would cost around $500 to charge ($0.04/km). Further savings can be made by an EV user with access to home solar or off-peak tariffs, which could reduce annual energy costs to as little as $200.

It is important for prospective EV owners to consider their driving habits, government incentives, taxes and charging availabilities to fully understand the savings of driving an EV compared to an petrol or diesel vehicle.

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Are electric vehicles cheaper to maintain than combustion engine vehicles? https://electricvehiclecouncil.com.au/docs/are-electric-vehicles-cheaper-to-maintain-than-internal-combustion-engine-vehicles/?utm_source=rss&utm_medium=rss&utm_campaign=are-electric-vehicles-cheaper-to-maintain-than-internal-combustion-engine-vehicles Wed, 20 Sep 2023 23:37:59 +0000 https://electricvehiclecouncil.com.au/?post_type=docs&p=15459 EVs have lower running costs than petrol, diesel or hybrid vehicles since they have fewer...

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EVs have lower running costs than petrol, diesel or hybrid vehicles since they have fewer moving parts, and have less components that require servicing.

For some EV models, owners are estimated to save between $300-$400 every year in maintenance costs compared to an equivalent combustion engine vehicle.

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Are electric vehicles more expensive than petrol/diesel cars? https://electricvehiclecouncil.com.au/docs/are-electric-vehicles-more-expensive-than-petrol-diesel-cars/?utm_source=rss&utm_medium=rss&utm_campaign=are-electric-vehicles-more-expensive-than-petrol-diesel-cars https://electricvehiclecouncil.com.au/docs/are-electric-vehicles-more-expensive-than-petrol-diesel-cars/#respond Wed, 20 Sep 2023 23:20:21 +0000 https://electricvehiclecouncil.com.au/?post_type=docs&p=15456 The upfront costs of EVs can sometimes be more expensive than petrol/diesel vehicles, however, the...

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The upfront costs of EVs can sometimes be more expensive than petrol/diesel vehicles, however, the charging and maintenance of an EV is much cheaper.

Many Australian Governments also offer a range of incentives that can help to reduce the upfront cost of an EV. It’s also important when comparing EVs with other vehicles that they are like-for-like, meaning they include the same level of safety technology, safe comfort trim, etc.

The higher upfront cost of some EVs is primarily due to the cost of batteries. As battery costs continue to fall, EVs continue to become cheaper. Just a few years ago most EVs cost more than $100,000, and now there are several models available in Australia for under $40,000

You can see a full list of EVs available in Australia here.

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How much does it cost to charge an EV? https://electricvehiclecouncil.com.au/docs/how-much-does-it-cost-to-charge-an-ev/?utm_source=rss&utm_medium=rss&utm_campaign=how-much-does-it-cost-to-charge-an-ev Fri, 15 Sep 2023 00:03:24 +0000 https://electricvehiclecouncil.com.au/?post_type=docs&p=15380 The cost to charge an EV varies depending on how you choose to charge it....

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The cost to charge an EV varies depending on how you choose to charge it. Most EVs are charged at homes/depots/workplaces and can be scheduled to take advantage of either cheap electricity from solar during the day, or from off-peak tariffs overnight. This can equate to as much as a 90% saving compared to a petrol or diesel, vehicle, or the equivalent of less than $0.20 per L (compared to paying $1.90 per L for petrol).

It generally costs more to charge at public fast chargers – due to the extra convenience – and this varies depending on the charging network, the type of vehicle being charged, and the power of the fast charger. Generally speaking, the cost to fast charge an EV is still around 20% cheaper than buying petrol.

Check out a range of EV cost calculators here.

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How much extra electricity will I use in my home when I buy an EV? https://electricvehiclecouncil.com.au/docs/how-much-extra-electricity-will-i-use-in-my-home-when-i-buy-an-ev/?utm_source=rss&utm_medium=rss&utm_campaign=how-much-extra-electricity-will-i-use-in-my-home-when-i-buy-an-ev https://electricvehiclecouncil.com.au/docs/how-much-extra-electricity-will-i-use-in-my-home-when-i-buy-an-ev/#respond Tue, 30 Jan 2024 05:55:31 +0000 https://electricvehiclecouncil.com.au/?post_type=docs&p=17750 Household electricity consumption varies quite widely, depending on the appliances and the number of people...

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Household electricity consumption varies quite widely, depending on the appliances and the number of people in the home, but a typical figure for an average house before they have an EV is about 4000kWh/annum. The AEMC regularly publishes a lot of details around this, and the associated cost to consumers. Drivers use widely variable amounts of energy too, depending on the type of car, the amount of driving, and the type of driving. The ‘second car in the family that does the school run and the shopping trips’ uses a lot less fuel than, for example, ‘the car which is used for the long work commute during the week and takes kids to sporting fixtures all over creation on the weekends’!  We can use the average driving distance of about 14,000km per year, and a typical EV efficiency of 17kWh/100km (this equates to ~7L/100km in a petrol car) to get a ballpark though, of about 2,400kWh per year per car. Not all of this will be delivered at home.  Instead, a typical EV driver will collect about 10% of the energy for their car at fast chargers while on longer trips, so the average ‘at home’ electricity consumption will go up by about 50% when someone buys an EV – with a very wide range around ‘average’! The typical home won’t need an electrical connection upgrade to support this, though, because the extra energy used in the home to charge the car can easily be delivered at times when other equipment (aircon, oven, etc) isn’t running at full power. Charging the EV off peak is also far cheaper if the driver picks a suitable retail tariff…. petrol to cover 14,000km of driving in an ICE car is ~$2k/annum, peak time electricity for 14,000km of driving in an EV is ~$800, off-peak electricity on several different retail plans offered across most of the country for 14,000km in an EV is about $200.

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