Qld’s answer to soaring petrol prices: ‘Enormous strain on household budgets’

Alex DruceNCA NewsWire
Petrol across Queensland’s southeast are soaring. NCA NewsWire / Naomi Jellicoe
Camera IconPetrol across Queensland’s southeast are soaring. NCA NewsWire / Naomi Jellicoe Credit: News Corp Australia

Queensland is hoping a new $3000 electric vehicle subsidy will both further its emission reduction plans and provide relief from soaring petrol prices as bowsers in the southeast jump past $2.20 a litre.

Premier Annastacia Palaszczuk on Wednesday morning announced the state government from July 1 would provide $3000 to anyone buying an electric vehicle to the value of $58,000, a price point that extends to six models from makers including Hyundai, Kia, MG, Mini and Nissan.

“This will help the many Queenslanders currently waiting for electric vehicles to become more accessible and affordable so they can make the switch,” she said.

If used to its full capacity the $45m program would allow subsidies for 15,000 vehicles, a figure that would more than triple the current number of EVs registered in the state.

Ms Palaszczuk also nodded to surging petrol prices as a reason people may be considering a switch to electric, although the subsidy will not be available for another three months.

According to PetrolSpy, bowsers across the state’s southeast city are at or above $2.20 a litre for E10 unleaded as global oil prices remain at eye-watering levels.

“The skyrocketing price of petrol is putting enormous strain on household budgets,” Ms Palaszczuk said.

PETROL PRICES
Camera IconPetrol across Queensland’s southeast are soaring. NCA NewsWire / Naomi Jellicoe Credit: News Corp Australia

“I know there are plenty of Queenslanders out there who want to make the switch to electric.

A snapshot in August last year showed there were nearly 6000 electric vehicles registered in Queensland – having surged from less than 300 in 2016 – with most being registered in and around the metro southeast.”

Premier
Camera IconPremier Annastacia Palaszczuk is to building more public charging stations for electric vehicles. Liam Kidston Credit: News Corp Australia

Telsa Model 3 and Model 5 vehicles are the most common electric vehicles registered in the state, but costing more than $60,000, both are more expensive than the new subsidy allows for.

The available models include the Hyundai Ionic and Kona EV, the Kia Niro, the MG ZS EV, the Mini Countryman and the Nissan Leaf.

As well as contributing to $45m to the subsidy program Ms Palaszczuk also said she would be committing an extra $10m to build more public charging stations in tandem with local governments and the private sector.

Transport and Main Roads Minister Mark Bailey said Wednesday’s news was an important step towards making Queensland a global leader in the world’s low-emissions future, and becoming a renewable energy superpower.

“We were the first Australian state to develop an EV strategy, and now we are once again leading the way with Queensland‘s Zero Emission Vehicle Strategy 2022-2032,” he said.

“Not only does this encourage people to buy electric vehicles, it gives the automotive industry confidence to set up shop in Queensland.

“This strategy signals a fundamental shift in our transport system.”

Originally published as Qld’s answer to soaring petrol prices: ‘Enormous strain on household budgets’

Get the latest news from thewest.com.au in your inbox.

Sign up for our emails