Stamp duty is exempt for eligible new and used electric light vehicles (EVs) under 4.5 tonne gross vehicle mass (including motorcycles) registered from 1 September 2021 in NSW.
As part of the the NSW Government incentive, eligible new or used battery electric and hydrogen fuel cell light vehicles that cost up to $78,000 (dutiable value) are exempt from stamp duty. This will put up to $3,000 back into the pocket of EV purchasers.
The abolition of stamp duty, along with the NSW Government’s significant rebate, will save new EV purchasers up to $5,540.
For eligible vehicles registered from 15 August 2022, the stamp duty exemption will be applied automatically. This will save you from any up-front duty costs.
If you registered an eligible vehicle between 1 September 2021 and 14 August 2022, you can claim back the stamp duty paid.
Eligibility criteria and application process
Revised August 2022
The NSW Electric Vehicle Strategy outlines a number of incentives to encourage the purchase of battery electric vehicles (BEVs) and hydrogen fuel cell electric vehicles (FCEVs) in NSW.
One of the incentives offered by the NSW Government is a stamp duty exemption for eligible electric vehicles.
All new or used light BEVs and FCEVs with a dutiable value up to and including $78,000 are exempt from stamp duty. Any NSW resident or business registering these vehicles on or after 1 September 2021 for personal or business use are exempt from stamp duty on that registration.
The stamp duty exemption is available for new and used light BEVs and FCEVs under 4.5 gross vehicle mass with a dutiable value up to and including $78,000 that are registered on or after 1 September 2021. BEVs and FCEVs with a dutiable value above $78,000 will continue to pay the same stamp duty as other non exempt vehicles.
The dutiable value of a vehicle is the total amount paid (including GST) for the vehicle, which includes delivery costs, accessories and options added to the vehicle (e.g. towbar, special wheels, paint protection etc) and any other charges or fees levied by the dealer on the purchaser.
NSW Government charges administered by Transport for NSW, such as registration fees and vehicle weight tax, the cost of CTP insurance or the premium paid for any extended warranty insurance are not included in the dutiable value.
A BEV is a battery electric vehicle which uses only an electric motor for propulsion and runs entirely on battery power and requires no petrol.
A FCEV is a hydrogen fuel cell electric vehicle which uses only an electric motor for propulsion and is equipped with a fuel cell for converting hydrogen to electricity.
The stamp duty exemption will be available for battery electric and hydrogen fuel cell motor vehicles (as defined under the Road Transport Act 2013). This includes the following categories:
passenger vehicles
sports utility vehicles
light trucks / light commercial vehicles
motorcycles
Vehicles that are not exempt from stamp duty under this policy include:
hybrid electric vehicles and plug-in hybrid electric vehicles
heavy trucks / heavy vehicles
trailers and caravans
Examples of BEVs and FCEVs that, subject to pricing and eligibility requirements, may qualify for this stamp duty exemption can be found here.
More information HERE
https://www.nsw.gov.au/initiative/nsw-governments-electric-vehicle-strategy/abolish-stamp-duty
