Latest updates
Round 4 applications open on Wednesday 24 July 2024, 9am AEST and initial bids close Tuesday 27 August, 5pm AEST.
There is $8 million in funding available for this round.
The competitive bid funding option of the electric fleets incentive is designed to support organisations with larger fleets that are beyond the pilot phase of their transition to EVs.
The competitive bid funding option is split into two streams:
- The individual stream
For organisations that own or lease vehicles to supports its operations in NSW (including also vehicle rental/subscription services).
- The aggregator stream
For organisations providing vehicles to customers in NSW through leasing arrangements and will pass the incentive onto customers.
Funding overview
Design: Participants submit a bid for an incentive to partly cover the TCO gap between the BEVs and equivalent ICEVs. Participants are ranked against other bidders based on the funding requested per tonne of CO2 equivalent of emissions abated ($/tCO2e). Funding is awarded starting with the bid with the lowest $/tCO2e, through a reverse auction process.
Eligibility: Open to any organisation that operates a fleet of 21 or more vehicles (electric or non-electric). Funding is available for bids including at least 11 or more vehicles.
Funding: The funding awarded to successful participants is variable and depends on the competitiveness of all bids received.
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
Competitive bid funding eligibility
Are you ready to take your EV transition to the next level and are you looking for funding to procure larger volumes?
You may be eligible if your organisation:
- operates a fleet of 21 or more vehicles (ICEVs or BEVs), and
- is applying for funding for 11 or more brand new BEVs.
Consider the correct stream (individual or aggregator stream) for your organisation to participate in.
Read the guidelines to understand the complete eligibility criteria, compliance requirements and application process for the kick start funding option
Please consult our FAQs here.
Competitive bid option
Important dates for the competitive bid funding option:
| Stages | Time period/Dates |
| Registrations/initial bidding window | 5 weeks Wednesday 24 July 2024, 9am AEST - Tuesday 27 August 2024, 5pm AEST |
| Initial ranking/Notification of initial bid ranking | 1 week Wednesday 28 August 2024, 9am AEST – Tuesday 3 September, 5pm AEST |
| Final bidding window | 2 weeks Wednesday 4 September, 9am AEST – Tuesday 17 September, 5pm AEST |
| Assessments/request for clarifications/ sample audits | 8 weeks Wednesday 18 September, 9am AEST – Tuesday 12 November, 5pm AEST |
| Notification of final results | Wednesday, 13 November, 9am AEST |
Bidding platform
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.
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 will be able to request funding per vehicle, and the $/tonnes CO2e (which is how you will be ranked against other bidders), will be automatically determined. 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 will need to register to the online bidding platform to place your initial bid. You will also need to confirm that your organisation meets the eligibility criteria and is capable of procuring your nominated vehicles and smart chargers in the required timeframe. You will not be required to provide upfront evidence to support the information in your bid (e.g., estimated annual mileage), but please keep this information on record as the Department 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 will only have 2 weeks to make your final bid. Refer to the key bidding dates outlined above.
We will 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 organisation and the department before your organisation 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.
For further information on the competitive bid funding options, please read the guidelines.
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: