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Drive Electric NSW EV Fast Charging Grants - Round 3

NSW Drive Electric NSW EV Fast Charging Grants – Round 3

  • Up to $54 million total funding is available

There are four streams available in Round 3 – Standard Metropolitan Stream, Fast-Track Metropolitan Stream, Standard Regional Stream and Remote Regional Stream.

  • Standard Metropolitan Stream offers up to $300,000 in co-funding per station on average with up to 50% co-funding available
  • Fast-track Metropolitan Stream offers up to $450,000 in co-funding per station on average with up to 70% co-funding available
  • The Standard Regional Stream offers up to $550,000 in co-funding per station on average with up to 50% co-funding available
  • The Remote Regional Stream offers up to $650,000 in co-funding per station on average, with up to 80% co-funding available

The NSW Electric Vehicle Fast Charging Grants - Round 3, managed by the Department of Climate Change, Energy, Environment, and Water is offering funding from $150,000 to $15,000,000 for charge point operators to construct, own, and operate fast and ultra-fast charging stations in 140 designated zones throughout NSW, with a total funding pool of $54 million available.

The aim of this funding is to address range anxiety by developing a wide, visible, and accessible fast charging network across NSW by ensuring connectivity between metropolitan and regional areas, future-proofing the EV charging network beyond 2030 and maximising grid support while reducing scope 2 emissions, enabling funding to support projects that would not have occurred otherwise.

A total of 140 priority zones across the state will qualify for co-funding, comprising 125 previously unfunded zones and 15 reopened zones. An additional $15,000 in funding will be available for stations that include a pull-through bay. The capped funding per applicant is $15 million. The NSW Government has expectations of funding around 280 charging stations in 380 locations outlined in the master plan.

Key Requirements

Standard Metropolitan Stream

  • There are 67 eligible zones available for this stream
  • Timeframe for completion is 24 months from signing agreement

Each site must include:

  • A minimum of 2 charging bays rated at least 175 kilowatts (kW) per bay (±20%)
  • A minimum of 2 charging bays rated at least 350 kW per bay (±15%)
  • A minimum of 4 charging plugs
  • Minimum connection of 500 kilovolt-amperes (kVA)

Fast-track Metropolitan Stream

  • There are 14 eligible zones available for this stream
  • Timeframe for completion is 18 months from signing agreement

Each site must include:

  • A minimum of 6 charging bays rated at least 175 kilowatts (kW) per bay (±20%)
  • A minimum of 2 charging bays rated at least 350 kW per bay (±15%)
  • A minimum of 8 charging plugs
  • Minimum connection of 750 kilovolt-amperes (kVA)

Standard Regional Stream

  • There are 40 eligible zones available for this stream
  • Timeframe for completion is 24 months from signing agreement

Each site must include:

  • A minimum of 2 charging bays rated at least 175 kilowatts (kW) per bay (±20%)
  • A minimum of 2 charging bays rated at least 350 kW per bay (±15%)
  • A minimum of 4 charging plugs
  • Minimum connection of 500 kilovolt-amperes (kVA)

Remote Regional Stream

  • There are 19 eligible zones available for this stream
  • Timeframe for completion is 24 months from signing agreement

Each site must include:

  • A minimum of 4 charging bays rated at least 150 kilowatts (kW) per bay
  • A minimum of 4 charging plugs
  • Minimum connection of 250 kilovolt-amperes (kVA)

What is eligible for funding?

Eligible projects covered under this round of funding consist of newly constructed fast and/or ultra-fast charging stations. The activities included are as follows:

Administrative

  • Communications
  • Accomodation
  • Computing facilities
  • Travel
  • Recruitment
  • Printing
  • Stationery

Equipment

  • Installation of plant equipment
  • Equipment hire, lease and running costs

Services

  • Legal
  • Audit
  • Accounting
  • Licence fees
  • Costs for activities or equipment provided by another organisation to support the project

Labour

  • Gross pay for employees working on charging stations
  • Worker’s compensation insurance
  • Superannuation contributions
  • Sick and recreation leave
  • Long service leave accrual
  • Payroll tax

Overseas Expenditure

  • Costs incurred outside Australia, excluding equipment or materials, must not exceed 10% of the total grant funds

What companies are eligible for funding?

In order to be eligible, applicants must be:

  • A corporation owned by a state or a subsidiary of a corporation that is owned by an Australian state or territory
  • An entity registered under the Corporations Act 2001
  • A local government authority or council in NSW

Is this grant competitive or entitlement based?

Competitive. Your application will be assessed among other applications by a judging panel.

How can I increase my chances of winning this grant?

By engaging an accredited government grants consultant, such as Avant Group.

Competitive grants often require significant business case development and project analysis to support the application, this may include detailed presentations supporting the project’s merit, projected sales, cost-benefit analysis and more.

As part of your engagement with Avant Group, your account manager will assess the required documents and will provide the following as needed to support your grant submission.

Grant application writeup including a detailed presentation illustrating how the grant funding will contribute to your project, how the funding will contribute to the project’s budget, a project milestone plan, delivery timeline, impact on employment if applicable and a breakdown of the management and leadership team for the project

  • Industry analysis presentation
  • Competitor Analysis Presentation
  • Marketing and Sales Analysis Presentation
  • 3-5 year Cashflow Forecast
  • 3-5 year Balance Sheet Forecast
  • Cost-Benefit Analysis of Grant Funding
  • End-to-end grant application including information collating, analysis and application writing
  • CAPEX (Capital Expenditure) cost-benefit analysis
  • Stakeholder relations and Risk Mitigation Plans
  • Any other relevant forecasting that will support your application

How can I get help with my application? Or know if I’m likely to win funding?

Avant Group offers a no-obligation assessment of your eligibility for funding and will assess your likelihood of a successful grant application.