Goodbye fuel prices and FBT, hello pre-tax payments and lower running costs.
If you’re looking to join the thousands of Australians who have switched from petrol to electric, your timing couldn’t be better. That’s because the Australian Government’s Electric Car (EV) Discount includes FBT exemptions on eligible battery electric or plug-in hybrid vehicles through novated leasing – potentially saving you thousands.
As Australia’s largest novated lease provider, we’re ready to help get you into an EV of your choice. We are working closely with key suppliers to help you make a confident choice – for yourself and the environment.
Get Behind the Wheel of an FBT-Exempt Electric Vehicle
Because of the FBT exemptions tied up with the Electric Car Discount, you could enjoy 100% pre-tax payments on eligible EVs retailing up to the Luxury Car Tax threshold of $89,332.
This could mean making similar payments on an EV worth considerably more than a petrol car!
How Much Could You Save?
We’ve compared the potential savings you could get under existing novated lease policy with what you could enjoy under the EV Discount.
Let’s say you earn $80,000, and you’ve decided an MG ZS Essence is for you, driving it 20,000 kilometres a year over a five-year lease.
Your estimated net benefit under the EV Discount is $26,972*.
Your estimated net benefit under the existing novated lease legislation is $10,597*.
That’s a potential saving of $16,375*!