The Zero Emissions Vehicle Subsidy has been created for Victorian individuals and businesses in an effort to support and drive the future of transport by purchasing an electric vehicle.

As part of the $100 million roadmap package $46 million is dedicated to helping Victorians purchase more than 20,000 ZEVs.

The first stage of the subsidy includes 4000 subsidies valued at $3,000 for eligible new ZEVs purchased on or after 2 May 2021. There are over 20,000 subsidies available under the program and will be offered until the subsidies are fully committed, or for three years, whichever occurs first.

Eligibility

In order to be eligible for the subsidy you need to be a Victorian resident or have a business with a registered office in Victoria.

As of now, the subsidy is available to Victorians for one vehicle purchase and to businesses for the purchase of up to two vehicles. It is subject to availability and can only be applied:

• Once per ZEV
• Once per individual
• Twice per business.

To be eligible for a ZEV Subsidy you must be:

• An individual resident in the State of Victoria, with a Victorian driver’s licence; or
• A business applicant with a registered office in the State of Victoria.

The vehicle must be:

• An eligible ZEV model that is a passenger car
• With a purchase price (dutiable value) under the threshold of $68,740
• Purchased brand new or as a demonstrator model
• Purchased on or after 2 May 2021, as dated on the Contract of Sale.
• Purchased through a participating ZEV trader
• Registered in the State of Victoria
• Delivered and registered with VicRoads within a maximum of 6 months from the date the customer enters into the Contract of Sale.

The following are not eligible for the ZEV Subsidy:

• Licenced Motor Car Traders
• Government entities (including local councils)
• Motorcycles and other vehicle types, including plug-in hybrid vehicles

How to apply

In order to receive the subsidy, it will need to be applied at the point of sale by car dealers participating in the program. You can find participating ZEV traders by clicking here.

Contact Morris today on 1300 4 MORRIS and speak to one of our finance specialists to see how we can assist you with purchasing a new vehicle.