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Australian Government aims to boost EV uptake with low-interest loans

CarExpert

Interest rates on these loans will be up to five percentage points lower than standard rates, which the government says could save EV buyers more than $8000 for a $40,000 loan with a seven-year term. Get the experts on your side and score a great deal. Browse now. ” The Government has listened to industry.

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Western Australia Government to invest over $200 million into electric vehicle adoption

Drive.com

The WA State Government is injecting more than $35 million into EV rebates for private buyers and $23 million in funding into fast charging stations across major travel routes and tourist destinations. million will go towards 10,000 EV rebates valued at $3500 for WA drivers wanting to make the transition to electric cars.

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Staggering scale of Chinese government EV subsidies revealed

CarExpert

Though these subsidies are based on conservative estimates, they cover factors such as buyer rebates, sales tax exemptions, infrastructure subsidies, research and development grants, and government procurement.

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Fresh calls for national electric-car subsidies in Australia

Drive.com

Electric vehicle specialist Polestar has called upon the Federal Government to develop a national strategy for EV subsidies – rather than leave incentives in the hands of state governments. However, most electric vehicle subsidies – in particular cash rebates – are state-based and the degree to which they vary is significant.

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These are the most EV-friendly states in Australia

Drive.com

While the $3000 rebate and stamp duty exemption for EVs in NSW has ended, the state government previously announced the available $26 million funding originally set aside for the EV subsidy program will instead be directed towards the EV charging networks across the state.

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Canadian interest in EVs down 10% from 2023

Canadian Auto Dealer

The company said interest has declined for the second consecutive year, while Québec’s decision to end EV rebates for consumers could greatly impact consumer interest in the province — and sales. That concern ties in with Québec’s EV rebate decision. These are the main barriers impacting their desire to buy an EV. year-over-year.

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Understanding OEM Incentives in 2024

Automotive Mastermind

These incentives play a massive role in developing dealership strategies by laying the groundwork for enhancing customer experiences, driving sales and ensuring full buyer satisfaction. This strategic use of incentives is crucial for maintaining a competitive edge and building a lasting relationship with buyers.

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