- MG ZS EV will cost Victorian buyers just $40,990 in first phase of subsidy rollout
- $3000 subsidy will be offered to 4,000 EV buyers in Victoria
- Subsidy applied at the dealership – no paperwork or applications required
Melbourne, Australia, 3 May 2021: The Victorian government has announced that it will subsidise the purchase of electric vehicles in the state – and that means the MG ZS EV is now even more affordable.
Already the category leader in electric vehicles throughout Australia when it comes to affordability, the ZS EV will now cost as little as $40,990 in Victoria after government rebate
Eligible Victorian customers will receive the $3,000 subsidy as soon as they purchase their new EV at a Victorian MG dealer, too, with no application or special paperwork required to receive the subsidy.
There is no compromise, either, when it comes to Australia's best value electric car. MG Pilot means the ZS EV is rated at a maximum of five stars by national safety body ANCAP, while its 44.5kWh battery, in conjunction with adjustable regenerative braking and multiple drive modes, gives the award-winning ZS EV a real-world range of 263km*.
"We applaud the Victorian government's initiative to support the roll-out of electric vehicles in that state," said MG Motor Australia and New Zealand CEO, Peter Ciao.
"At MG, we believe in Electric For Everyone, and this government subsidy will give more people the opportunity to sample the benefits of electric motoring for themselves."
About the subsidy
The Victorian Government will introduce a $3,000 subsidy for new Zero Emissions Vehicles (ZEV) as part of a comprehensive plan to meet a target of net zero emissions by 2050 and support the creation of new jobs.
An unprecedented $100 million package will make ZEVs more affordable, build charging infrastructure and achieve more ZEVs in government and commercial fleets. The subsidy will be available for more than 20,000 new ZEV purchases from Sunday, 2 May 2021.
"Our transport sector is a significant contributor to our emissions," said Minister for Energy, Environment and Climate Change Lily D'Ambrosio.
"This package of reforms makes cars the vehicle for change, by getting more zero emissions vehicles on our roads."
Subsidies will be available in stages, with an initial 4,000 spots. Further stages will be announced as the program progresses. The Victorian Government is also introducing a 2030 target that will see half of all new car sales be ZEVs.
An expert advisory panel will be established to advise the government on policies, programs and infrastructure required to ensure that figure is met by 2030.
FAQ
Which vehicles will be covered?
Only battery electric vehicles and fuel cell electric vehicles (FCEV) will be eligible under the program.
It will apply to vehicles with a GST-inclusive value less than $68,740, excluding stamp duty, compulsory third-party insurance, registration and other charges.
Is there a limit on the price of the ZEV I buy?
Yes, the GST inclusive price must be under $68,740, excluding stamp duty, compulsory third party insurance, registration and other charges.
The value of a car, for the purpose of the threshold, will be the sale price before deduction of the rebate, and includes the value of any parts, accessories or attachments supplied, or imported, at the same time as the car.
Will I be able to receive the ZEV subsidy for a Plug in Hybrid electric vehicles (PHEV)?
No, you will not be able to receive the subsidy for a Plug-in Hybrid Vehicle. The subsidy applies to ZEVs only. PHEVs are already cost competitive with many ICEV models.
Do I have to buy the car in Victoria / from a Victorian dealer?
Yes, the car must be purchased from a Victorian dealer where they can register the new car in Victoria.
How long will the ZEV Subsidy run?
The funding in the package will be subject to demand and run until the subsidies are exhausted but will conclude on 30 June 2024 if all subsidies are not claimed.
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