Main article: Electric vehicle ownership in Australia While Labor project 90% of new car sales to be EVs by 2030. Although the Federal Government's projection in 2021, is for 30% of new car sales to be EVs by 2030. To reach net-zero emissions by 2050, electric vehicles will also need to represent 50% of car sales by 2035. The New South Wales treasurer, Matt Kean, said the federal Nationals should resign if they didn't support a national target for net-zero emissions by 2050. 60% of Australians also supported a net-zero emissions target by 2050. Australia also backed the COP26 Breakthrough Agenda for electric vehicles to be the "new normal" worldwide by 2030. Scott Morrison also delivered a target for Australia to reach net-zero emissions by 2050 to the 2021 UN Climate Conference. This is because Prime Minister Scott Morrison stated in 2021 that the government's goal is to reach net-zero emissions by 2050, which would require a national transition to 100% electric vehicles before 2050. Ī Federal Government target for 100% of car sales to be electric vehicles before 2050 could also be included in the Federal Government's National Electric Vehicle Strategy. Although air pollution would cause the deaths of at least 2500 people across Sydney and Melbourne in the year 2030, even if the federal government swiftly clamped down on poisonous car fuels. While a slow uptake of electric vehicles would result in a 1 trillion cost to the Australian health system by 2050.
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High adoption of electric vehicles could save Australian drivers $500 billion by 2035. The Australian government is planning and anticipating to have 1.7 million electric cars on the road by 2030. However, this target could be reached sooner if the two largest states governments of New South Wales and Victoria enact their plan to ban the sale of petrol and diesel vehicles by 2035. This means 65% of the Australian population has a target to reach more than 50% EV car sales by 2030. The Australian states with EV sales targets represent approximately 65% of the Australian population. The ACT also plan for 100% of new car sales to be EVs by 2030. South Australia's Liberal government aim for 100% of new car sales to be electric vehicles by 2035, and plan to ensure electric vehicles are mainstream and the "common choice" for new vehicle purchases in 2030. Similarly, the Victorian Government's "Infrastructure Victoria" initiative called for the government to ban the sale of petrol and diesel engine vehicles by 2035 at the latest. The New South Wales Government are also planning and stated they must ban the sale of internal combustion-engine vehicles by 2035. The New South Wales Government also aim for the vast majority of new cars sold in the state to be electric vehicles by 2035. The Victorian and New South Wales governments target between 50% to 53% of new car sales to be electric vehicles by 2030. The Clean Energy Finance Corporation, energy providers, car loan providers and car insurance providers also offer their own financial incentives for electric vehicle purchases including Macquarie Bank offering the lowest electric car loan of 2.99%.
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The monetary incentives include electric vehicle subsidies, interest-free loans, registration exemptions, stamp duty exemptions, the luxury car tax exemption and discounted parking for both private and commercial purchases. The adoption of plug-in electric vehicles in Australia is driven mostly by state-based electric vehicle targets and monetary incentives to support the adoption and deployment of low- or zero-emission vehicles. The Mercedes-Benz EQC was named the best car in Australia in 2019.
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