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FCAI welcomes further EV subsidies for Victorians

The FCAI, the peak body for Australia’s automotive industry has today welcomed the Victorian Government’s announcement of an additional $7.2 million in electric vehicle subsidies.

With demand for zero emission vehicles growing, the Victorian government has provided another $7.2 million to the program originally announced in May 2021. This equates to another 2,600 subsidies for Victorian motorists at $3,000 per vehicle.

FCAI Chief Executive Tony Weber said car manufacturers welcomed the decision to extend the grants program to offer more incentives for zero emission vehicles.

“The Victorian Government’s announcement of an additional $7.2 million in purchase incentives for electric vehicles is welcome news for motorists who have been considering the move to an electric vehicle.

“This additional spending complements the Government’s charging infrastructure investment across the state,” Mr Weber said.

The FCAI pointed out the necessity for additional Government efforts at both State and Federal level to reduce vehicle emissions and the need for a national CO2 standard.

“Our overall policy objective is to reduce CO2. While subsidies for specific technologies are welcome, our journey to reducing emissions in the transport sector needs to be a holistic one.”

“The pathway to reducing emissions in the medium term will rely on a range of low emission technologies that include plug-in hybrid, hybrid and even highly efficient internal combustion engines,” Mr Weber added.