Key information
From July 2024, NSW business decision makers or fleet managers can access two funding options to support the electrification of their fleets:
- the competitive bid funding and
- the newly introduced kick-start funding.
| Funding option | Timeframe | Allocation |
| Competitive bid funding | Opens on Wednesday 24 July 2024, 9am AEST Initial bids close Wednesday 4 September, 5pm AEST* | $8 million |
| Kick-start funding | Opens Wednesday 24 July 2024, 9am AEST Closes when allocated funds are exhausted. | $7 million Remaining funds: $6,508,600 (as of 21 August 2024) |
EV fleets incentive
The EV fleets incentive is a payment scheme that helps eligible organisations procure battery electric vehicles (BEVs) and smart chargers. The funding is designed to cover 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).
Benefits of electrifying your fleet
- Save operating costs: EVs are significantly cheaper to run and to maintain. An average NSW fleet driver is likely to save around $3,100 in running costs per year by switching to an EV.
- Reduce carbon emissions: a fleet of BEVs are quieter, smoother and cleaner for the environment. They produce no tailpipe emissions and so are superior for air quality and human health.
- Better performance: EVs are considered by experts and users to have greater technical performance than internal combustion engine vehicles.
This program aims to:
- achieve the greatest level of emissions abatement at the lowest cost for the NSW Government
- support the development of a strong secondary market for electric vehicles, when fleet managers resell their vehicles
- promote a long-term transition to electric vehicles in the fleet sector
- promote take up of smart charging infrastructure on the network.
Funding options:
Use the below eligibility tool to check which EV fleets incentive funding option you can apply for.
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.
How to apply for the incentive
Use the eligibility tool above to check which EV fleets incentive funding option you can apply for.
Read the guidelines to understand the complete eligibility criteria, compliance requirements and application process for the funding option you would like to apply for.
Please consult our FAQs here.
Follow the instructions provided on the kick-start page and competitive bid page to apply for the relevant funding option.
Support for applicants
If you have any further questions after reading the guidelines and FAQs, please contact [email protected].
To stay updated on future EV announcements, sign up below.
Watch the following information sessions to learn how to participate in this program.
Information about EVs
Whether you’ve already started your EV transition journey, or you are 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
Which electric vehicle should I buy?
List of available EVs in Australia
Find out where to charge your electric vehicle
Register your interest
If you wish to receive updates on BEVs and other NSW Government initiatives, fill in your details below: