“The government is targeting its incentives where they have the most impact and deliver the greatest value for money. Plug-in grants will continue until at least financial year 2024/25 for motorcycles vans, taxis, trucks and wheelchair accessible vehicles.”

The committee’s report went on to counsel that the federal government must also think about incentivising the acquisition of second-hand EVs with an identical monetary measure, however the authorities doesn’t think about this to be essential.

“Industry intelligence means that some EVs on the used market at the moment are related in worth to their petrol and diesel equivalents,” it stated.

“The number of used EVs continues to rapidly increase. Data from the SMMT shows that, in 2023, used EV sales increased by 90.9%, increasing the pool of available vehicles. The government chairs a working group with several stakeholders to ascertain potential barriers to the uptake of used electric vehicles. The government will consider all policy options, to address potential failures in the market.”

The authorities additionally stated it won’t cut back the proportion of VAT utilized to public EV chargers, following requires it to be diminished from 20% to five%, consistent with VAT charged on home electrical energy. Doing this, it stated, “would impose additional pressure on the public finances to which VAT makes a significant contribution”.

And the federal government stated it won’t introduce ‘totem signs’ exterior motorway service stations to point out the real-time worth of charging an EV there, as is the case with conventional petrol stations. It stated a push to enhance real-time charger info accessibility utilizing maps and apps will present the identical operate.