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electric cars

Drive Electric NSW – EV Fleets Incentive

  • Application opened: until 23 May 2023
  • Grant amount: Grant amount is dependent on on bid

This program seeks to achieve the greatest level of emissions abatement at the lowest cost for the NSW Government

Key Requirements

The eligible applicant must prepare for the bidding checklist include:

Aggregator stream

  • With a consideration of the TCO gap calculated by the bidding platform, the estimated average level of incentive you will pass on to your customers
  • Details of EV models you plan to include in your bid
  • Renewable energy expectations across all vehicles included in your bid

Individual stream

  • In the case where you are a subscription or rental car provider, the plate number of the vehicle(s) in your fleet that is representative of the average operational profile of the new EV(s).
  • Details on each BEV/FCEV that you plan to include in your bid
  • In the case where you are replacing a vehicle, the plate number of the vehicle(s) you intend to replace by procuring EVs.
  • Using the total cost of ownership (TCO) gap calculated by the platform, the level of incentive that your organisation would like to request from the office.
  • In the case where you are expanding your fleet by procuring a new EV, the plate number of the vehicle(s) in your fleet with a similar operational profile to the new EV(s), that is, same use and same expected mileage.

What is eligible for funding?

The eligible project available for funding include:

Vehicle – technology
  • BEVs/FCEVs can replace internal combustion engine vehicle (ICEVs), hybrid electric vehicle (HEVs) and plug-in hybrid electric vehicle (PHEVs). All fleet managers will need to provide registration details of the vehicle/s they are replacing.
  • Incentive is exclusively for procuring new BEVs, FCEVs and BEV smart base charging infrastructure.
Vehicle – total cost of ownership gap
  • For aggregators, the TCO must be calculated over the period of the leasing contracts. If the TCO gap is less than $3,000, fleet managers can ask for an incentive covering the full gap.
  • For individual fleets, the total cost of ownership (TCO) term is flexible and can be calculated up to a maximum of 4 years, which is the default retention term. This reflects the fact that some business models may dispose of vehicles sooner due to high utilisation rates, whereas others will hold vehicles for longer periods of time.
  • Fleet managers may bid for an incentive payment to cover some of the TCO (buy or lease) gap between the vehicle that would otherwise have been purchased (ICEV, HEV or PHEV) and the BEV/FCEV they intend to procure.

What companies are eligible for funding?

There are two funding streams available with different eligibility requirements.

Stream 1:Individual fleets
  • You must operate a fleet of at least 10 vehicles in NSW to support your organisation’s purposes.
  • Eligible organisations include :
    • Businesses
    • Local council
    • Non-government organisations
Stream 2: Aggregators
  • You can offer incentive funding to NSW customers as part of the vehicle leasing arrangements you provide.
  • Eligible applicant include:
    • Fleet management organisations
    • Private businesses that offer fleet leasing arrangements to NSW customers.

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.