What is the Destination Charging Grant?
In 2022 the NSW government, partnered with the Electric Vehicle council, introduced an Electric Vehicle charging grant to invest $20 million in EV chargers for tourist destinations across regional NSW. The grant can be applied to businesses installing chargers from the approved list of AC EV chargers and EV charger software, including Ocular IQ Commercial and IQ Dual Port Tower. These grant approved chargers available through our distribution partner, EVSE. The first round ends November but multiple funding rounds will be available until 2024.
According to NSW Gov:
The grants will fund the following for up to 4 EV chargers per site:
- 75% towards the cost of an eligible 7 kW and/or 22 kW electric vehicle charger(s)
- 75% towards the cost of installation (capped at $1,000 per charger)
- 50% towards a 2-year EV charger software subscription from the EV charger software list.
To be eligible, you must be:
- located in an eligible regional NSW local government area (LGA)
- an approved destination type
- have no more than one existing EV charger installed.
- installing chargers where accessible to the public
How does the grant work?
Prepare for application and check your eligibility here. If your business meets the criteria, you will be able for apply for the EV chargers grant here. Ensure you choose the charger best suited to your site and budget and it is best to speak to a licensed electrician prior to application to understand the specific installation requirements and costs for the site, charger installations vary depending on the layout. However, 75% of the installation costs is covered by the grant.
For businesses installing less than three co-funded chargers or a destination with less than 100 parking spaces, a software subscription is not required but still available for those who want to apply. More than 3 chargers or 100 parking space must purchase the 2-year software subscription.
The NSW government will notify successful applicants within 6 weeks of the application, if unsuccessful, reapplication is accepted in the next round of grants. Chargers are required to be installed within 4 months of the successful application. Payment will be made once the chargers have been successfully installed to the site within the given time frame.
How does the grant help your business?
Australia is starting to catch up to electric vehicle adoptions seen in other areas like Europe so investing now will future proof your business for the transition to electric. Investing in electric vehicle charging will allow your business to attract people to your location looking for a charging spot from online charging location maps. As the AC chargers do not charge as fast as DC, visitors will be at your location longer meaning more potential for greater revenue for any business. The NSW grant includes a range of software including our favourite, Exploren, which allows you to generate another source of revenue through a billing service. You can easily set the charging costs and billing is automated, meaning greater profit and less work!
Contact us or our partner EVSE to install Ocular Chargers for your business.