NSW tips another $38 million into EV charging infrastructure

Simon Thomsen

Jun 20, 2022 2 min read

NSW Treasurer and energy minister Matt Kean has announced another $38 million in charging infrastructure for electric vehicles on the eve of the state budget.

With Kean handing down the 2022-23 NSW Budget on Tuesday, June 21, the pro-EV Treasurer announced the extra funds, taking the state’s EV investment to $633 million under its NSW Electric Vehicle Strategy.

“Rolling out extra chargers will allow more EV drivers to benefit from their cheaper running costs and a cleaner, quieter and more sustainable road network,” he said.

“You’ll never be far from a charger on our major highways, in regional destinations, apartment buildings and on kerbsides in metropolitan areas with limited off-street parking.”

The funding will leverage private sector investment to meet growing demand for EV charging alongside a range of incentives introduced by the NSW government to encourage people to buy electric cars.

It latest $38 million is earmarked thus:

$10 million to co-fund 500 kerbside charge points to provide on-street charging in residential streets where private off-street parking is limited.
$10 million to co-fund around 125 medium and large apartment buildings with more than 100 car parking spaces to make EV charging electrical upgrades.
$18 million for more EV fast charging grants to speed up the rollout of stations. It will also increase the number of charging points – from the current four to at least eight – at charging stations located in high density urban areas.

“This funding will help communities stay connected and help holidaymakers hit the road to enjoy weekend trips as NSW motorists gear up for the next era of driving,” Kean said.

Earlier this year the NSW Treasurer announced EV discounts for buyers including a $3,000 rebate and stamp duty waivers for eligible new EVs.

The strategy also includes a $149 million plan to support private industry to roll out ultra-fast charging stations, and $20 million for chargers at regional businesses and tourist locations.

About the author

Simon Thomsen

Simon has been editor of Startup Daily since 2019. He hosted the Startup Daily show on streaming service ausbiz.com.au from 2020 to 2023, and now, the weekly podcast Startup 360. He was previously associate editor of Business Insider Australia, a national restaurant critic, editor of The Good Food Guide, and newspaper proprietor during a 30-plus-years career in journalism and publishing. He’s also an investor in early stage startups.