Tasmania is a leader in climate action, having achieved our net zero target five years in a row.
But we know we need to continue reducing emissions, which is why we took to the election a number of policies outlining further climate action, including delivering a two-year stamp duty waiver for Electric Vehicles (EVs).
Today, the Tasmanian Parliament has approved changes to the Duties Act 2001, meaning Tasmanians will pay no stamp duty when they purchase an EV.
This will reduce the initial higher purchase costs of EVs by around $2,000 on average, providing a significant boost to encourage interested Tasmanians to make the switch and support this growing market in Tasmania.
Tasmania is ideally suited to benefit from the transition to EVs with our clean, low cost and reliable renewable energy, while at the same time reducing our dependence on imported fuels.
The initiative starts today and will run for two-years, and I encourage all those interested to investigate making the switch, and to take advantage of this policy.