Electric vehicle fleets incentive: Competitive bid funding

Are you ready to take your EV transition to the next level and are you looking for funding to procure larger volumes?

The competitive bid funding is open to any organisation that:

• operates a fleet of 21 or more vehicles (ICEVs or BEVs)
• is applying for funding for 11 or more brand new BEVs.

Our guidelines and frequently asked questions have everything you need to know to complete eligibility criteria, understand compliance requirements and application process for the competitive bid incentive.

Once you have read the guidelines and supporting documents, sign up to access the online bidding platform and participate in the reverse auction. A summary of the bidding process is detailed below.

Participate in the reverse auction by preparing and submitting your bid for the initial bidding window. Make sure you check your initial bid ranking and make any adjustments to your bid before the final bidding window closes. A summary of the important dates for Round 6 and the bidding process is detailed below.

Participate in the reverse auction by preparing and submitting your bid for the initial bidding window. Make sure you check your initial bid ranking and make any adjustments to your bid before the final bidding window closes. A summary of the important dates for Round 6 and the bidding process is detailed below.

Select the type and number of BEVs you’re looking to procure.

The bidding platform will calculate the difference in the total cost of ownership (TCO) compared to vehicles that would have otherwise been purchased or leased, as well as the carbon dioxide equivalent (CO2e) emissions saved.

Once these amounts are calculated you’ll be able to request funding per vehicle and the $/tonne CO2e (which is how you will be ranked against other bidders). This will be automatically calculated in the bidding platform. You can also indicate if you would like to receive an incentive for a smart charger and request the desired quantity. Once finalised, this information will be used for your initial bid.

You'll need to register for the online bidding platform to place your initial bid. You’ll also need to confirm that your organisation meets the eligibility criteria and can procure your nominated vehicles and smart chargers in the required timeframe. You won’t be required to provide upfront evidence to support the information in your bid (such as annual mileage). We advise you to keep this information on record as we will run sample checks on participants.

At the beginning of the final bidding stage, bidders will be provided with their current ranking compared to the most competitive bidder in the stream. You can either confirm or update your bid. You’ll only have just over a week to make changes to your final bid. Refer to the key bidding dates outlined above.

We’ll contact bidders to let them know whether they have been successful.

If successful, a funding deed will be supplied and must be signed by an authorised representative of your business and the Department before your business is entitled to receive the incentive.

BEVs will need to be purchased and registered within 180 business days and evidence provided as noted in the guidelines before funding is provided.