State Budget 2021/22: Exempting electric vehicles from motor vehicle stamp duty

22 June 2021

The Government will progressively abolish motor vehicle stamp duty on electric vehicles.

From 1 September 2021, new and second-hand battery electric vehicles and hydrogen fuel cell vehicles (FCEVs) under $78,000 will be exempt from motor vehicle duty. This exemption will be extended to all zero and low emissions vehicles (ZLEVs), new and used, from the start date of the new road user charge.

Exempting these vehicles from motor vehicle stamp duty will remove the largest upfront cost in terms of NSW government fees and charges. This measure is expected to lower motor vehicle stamp duty by $9.7 million in 2021-22 and $200.5 million in total over the four years to 2024-25. It is expected to reduce revenue by around $2.1 billion over the 10 years to 2030-31.

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