Bowen Confirms EV and Battery Subsidies Face Budget Review

Bowen EV and battery subsidies budget review: Energy Minister Chris Bowen has confirmed that his flagship electric vehicle and home battery subsidies are under scrutiny from Labor's budget razor gang. Speaking at the COP31 climate summit in Turkey, he said the programs should be reviewed at every fiscal event but that now is not the time to cut off taxpayer support entirely.

Bowen EV and battery subsidies budget review, Digi Mart USA News (Antalya, Turkey): Energy Minister Chris Bowen has confirmed that his flagship electric vehicle and home battery subsidies are in the sights of Labor’s budget razor gang. He said the programs are under consideration as the government prepares for its fiscal events.

Bowen said the Treasury is pushing to drastically wind back the programs. However, he stopped short of supporting a complete withdrawal of taxpayer support for the schemes.

Speaking to The Australian Financial Review at the COP31 climate summit in Turkey, Bowen said every fiscal event, whether a budget or a MYEFO, is an opportunity and an obligation to review every policy. He said the government must ask whether each policy is working as intended and whether any changes should be made.

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