Key information
Applications are now open, with increased financial support available for both kick-start and competitive bid funding.
- Competitive bid funding: initial bids close 17 January 2025, 5 pm AEDT
- Kick-start funding: closes 30 June 2025* 11:59 pm AEST, or when funds are exhausted.
*increased acceleration funding incentives require evidence by 10 June 2025
Key resources:
EV fleets incentive
The EV fleets incentive is 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 wants to help businesses fast-track the transition their fleet to electric vehicles. Between November 2024 and June 2025, we’ll temporarily boost the EV fleets incentive by providing acceleration funding. This means increased funding for the kick-start funding option. For the competitive bid option, the funding has been increased per vehicle smart charger. Please refer to the terms and conditions in our acceleration funding addendum for more details.
Benefits of electrifying your fleet
- Save operating costs: EVs use electricity instead of petrol and do not need to be serviced to the same extent as ICEVs. This means EVs are significantly cheaper to run and maintain. 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 and human health. EVs also operate smoothly, more quietly and are cleaner for 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 option | Timeframe | Allocation |
| Competitive bid funding round 5 | Opens Tuesday 12 November, 10 am AEDT Initial bids close Friday 17 January 2025, 5pm AEDT | $5 million |
| Kick-start funding | Acceleration funding available from 10 am on 12 November 2024 to 30 June 2025. Closes when allocated funds are exhausted or 11:59 pm on 30 June 2025*. *increased acceleration funding incentives require evidence by 10 June 2025 | $13 million (increased from $7 million) Funds approved: $862,200 (as of 31 October 2024) Remaining funds: $12,137,800 (as of 31 October 2024) |
A breakdown of the acceleration funding for the types of EVs is below. This is further explained on the incentives pages.
| Category | Incentive per vehicle (kick-start only) | Incentive per AC smart charger port (both funding options) | Incentive per DC smart charger port (both funding options) |
| Passenger / SUV / Vans below 2.5t GVM (RRP≤$40,000) | $5,000 | $4,000 | n/a |
| Passenger / SUV / Vans below 2.5t GVM (RRP>$40,000) | $7,000 | $4,000 | n/a |
Light commercial (Vans and Utes) 2.5 to 4.5 tonnes GVM | $14,000 | $4,000 | $8,000 |
Trucks up to 4.5 tonnes GVM | $20,000 | $4,000 | $8,000 |
How to apply for the incentive
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.
Our guidelines have everything you need to know to complete eligibility criteria, understand compliance requirements and application process for the funding option that’s right for you.
Follow the instructions provided on the kick-start page and competitive bid page to apply for the relevant funding option.
Help and guidance
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 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
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