The Federal Opposition has vowed to exempt electric cars from import and fringe benefit taxes, if it forms government following the next federal election.
The new policy platform – which was outlined by party leader Anthony Albanese during the organisation’s annual national conference on Wednesday – says: “Labor will give people choice and ensure that more Australians who want electric cars can afford them.
"By reducing upfront costs, [the policy] will encourage uptake, cutting fuel and transport costs for households, and reducing emissions at the same time.
"[It will] encourage car makers to supply more affordable electric vehicles to Australia which will in turn increase competition, drive down prices, and give consumers more choice.”
However, speaking to journalists yesterday, Angus Taylor – the Liberal Member for Hume and Federal Minister for Energy and Emissions Reduction – criticised the plans, saying: “You know [Mr Albanese] will always, and Labor will always, focus on the big spending strategies to provide subsidies. It's exactly what he's doing here."
The critical thing for [the Liberal party] in our $74 million Future Fuels Strategy is to focus on making sure we establish the infrastructure that's going to support these vehicles into the market as the cost continues to come down,” the Minister continued.
“…Our policies are focussed on choice. We're not going to tell Australians what kind of car to drive, but we are going to make sure that they are in a position to make those choices and the infrastructure is there to support those choices as they need it.”
This is the first time the Australian Labor Party has committed to a policy of this nature since the 2019 election, during which the Morrison government characterised its national electric vehicle strategy as comprising a “war on the weekend.”