A NSW Government website

Electric vehicle fleets incentive

Key information

Applications are now open, with increased financial support available for kick-start funding.

  • Competitive bid funding: initial bidding window for Round 6 is open between 16 April 2025, 10 am AEST and 11 June 2025, 5 pm AEST. Please refer to latest fleets incentive guidelines for eligibility, funding and application rules and requirements.
  • Kick-start funding closes on 30 June 2025 11:59 pm AEST, or when funds are exhausted. Acceleration funding is available until 10 June 2025, after which it returns to the standard rates outlined in the fleets incentive guidelines. Please refer to fleets incentive acceleration funding addendum for updated eligibility and to review terms and conditions. 

Key resources:

Fleets incentive acceleration funding addendum

Latest Fleets incentive guidelines

EV fleets incentive

The EV fleets incentive provides funding for eligible businesses to help purchase battery electric vehicles (BEVs) and smart chargers. The funding covers part of the total cost of ownership (TCO) gap between a BEV and an equivalent internal combustion engine vehicle (ICEV), hybrid electric (HEV) or plug-in hybrid electric vehicle (PHEV). 

The NSW Government is helping businesses fast-track the transition of their fleet to electric vehicles. Between November 2024 and June 2025, we’ll temporarily boost the EV fleets incentive by providing acceleration funding for kick-start funding.  Please refer to the terms and conditions in our acceleration funding addendum for more details.

Benefits of electrifying your fleet

  • Driving sustainability: how STARTTS is transitioning to an EV fleet
  • Save operating costs: EVs are significantly cheaper to run and do not need to be serviced to the same extent as ICEVs. An average NSW fleet driver is likely to save around $3,100 in running costs per vehicle per year by switching to an EV.  
  • Reduce carbon emissions: a fleet of EVs produce no tailpipe emissions making them superior for air quality, human health and the environment than an ICEV.  
  • Better performance: EVs are considered by experts and users to have greater technical performance than ICEVs.    
  • It all adds up: By making sustainable vehicle choices for your businesses, you're saving on costs and helping NSW reduce carbon emissions to reach net zero by 2050. 

Funding options

Acceleration funding is available for vehicles purchased (or leased) and registered between 12 November 2024 and 10 June 2025. This includes an increased amount of funding for the kick-start option, and an increased amount of funding for smart chargers across both funding options, as outlined in the table below: Terms and conditions apply, please refer to the addendum.

Funding optionTimeframeAllocation
Competitive bid funding round 6

Initial bids open 16 April 2025, 10 am AEST

Initial bids close 11 June 2025, 5 pm AEST 

$6 million
Kick-start funding

Applications opened on 24 July 2024.

Acceleration funding available from 12 November 2024 to 10 June 2025.

Kick-start funding closes when allocated funds are exhausted or 11:59 pm on 30 June 2025*.

*increased acceleration funding incentives require evidence to be submitted by 10 June 2025.

$13 million (increased from $7 million)  

 

Remaining funds: $10,022,600 (as of 27 March 2025)

Acceleration funding is available for successful applicants of kick-start funding that purchase (or lease) vehicles and register them between 12 November 2024 and 10 June 2025. This includes an increased amount of funding for the vehicles, and smart chargers, as outlined in the table below. Terms and conditions apply, please refer to the addendum.

A breakdown of the acceleration funding for the types of EVs can be found on our kick-start funding page.

Applicants that receive funding under the EV fleets incentive will be disclosed on the NSW Government Grants Finder website within 45 days of the funding agreement being entered into.

Understanding your funding options

Eligibility checker: Electric vehicle fleets incentive funding options

Do you operate a fleet of at least 3 vehicles?
Do you own at least one licensed taxi?
Do you own and operate at least one truck that is registered under an ABN?
Do you have 21 or more vehicles in your fleet?
Are you applying for 11 or more electric vehicles?
Are you applying for between 1 and 15 electric vehicles?

 

You may be eligible.

It looks like you may be eligible for the Kick-start funding option.

 

You may be eligible.

It looks like you may be eligible for the Kick-start funding option.

 

Sorry, it looks like you may not be eligible for the Fleets Incentive. 

You can find out about other funding opportunities by visiting the NSW grant finder website.

 

You may be eligible.

It looks like you may be eligible for the Competitive bid funding option. If you're applying for 15 or fewer EVs, you may also be eligible for the kick-start funding option.

 

You may be eligible.

It looks like you may be eligible for the Kick-start funding option.

 

You may be eligible.

It looks like you may be eligible for the Kick-start funding option.

 

Sorry, it looks like you may not be eligible for the Fleets Incentive. 

You can find out about other funding opportunities by visiting the NSW grant finder website.

Information about EVs

Whether you’ve already started your EV transition journey or still planning, there is a suite of NSW Government resources available. These will help you figure out costs, driving range, charging and more.  

Electric vehicle tools and resources

Why buy an electric vehicle?

Which electric vehicle should I buy?

List of available EVs in Australia

Cost to own and drive an EV

Charging an electric vehicle

Find out where to charge your electric vehicle

Register your interest

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