$3,000 Victorian Government Subsidy now applies to Kona EV and IONIQ EV.
The Victorian Government’s new subsidy scheme for Zero Emission Vehicles (ZEVs) now makes Hyundai’s world-beating Electric Vehicles more affordable than ever.
Both the Kona Electric SUV and IONIQ EV hatch qualify for the government grant, which gives eligible Victorian customers a $3,000 discount on the purchase price of these advanced zero-emission vehicles.
The scheme is designed to encourage the uptake of EVs as part of the government’s plan to meet a target of net zero emissions by 2050.
Subsidies will be available in stages, with an initial 4,000 units qualifying for the grant. Further stages for the incentive scheme will be announced shortly.
We expect qualifying vehicles such as Kona and IONIQ to be snapped up quickly in Victoria as buyers take advantage of this discount, and we highly recommend you contact your local Hyundai dealer to order your vehicle promptly.
To learn more about the subsidy, see the Victorian Government’s ZEV Subsidy fact sheet here.
FAQ.
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New Battery Electric Vehicles (BEVs) and Fuel Cell Electric Vehicles (FCEVs) priced under $68,740 are included in the scheme. Second-hand vehicles do not qualify.
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The vehicle subtotal (dutiable value) must be under $68,740, including the value of any parts, accessories or attachments supplied.
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No. Only Zero-Emission Vehicles qualify.
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Yes, new vehicles must be purchased from a Victorian dealer and registered in Victoria. Residents and businesses with the right to register in Victoria are eligible.
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The programme is expected to run until July 2024, with a reducing level of subsidy applying in consecutive stages as the number of units sold is exhausted. The first stage applies to 4,000 vehicles and it is expected that a total of 20,000 vehicles will be covered by the scheme.