Owning and driving an electric vehicle has become much more affordable for Australian's following the introduction of the 'Electric Car Discount'.
All eligible electric and plug-in hybrid vehicles purchased on or after 1st July 2022, will be fringe benefits tax (FBT) exempt, offering employers and employees thousands in savings each year when driving an EV on a novated lease.
Save on your fuel! The cost to charge an electric vehicle is cheaper than filling up a petrol or diesel car.
Electric vehicles have fewer moving parts, that require less frequent servicing. Servicing intervals typically occur at 12 months or 15,000km. You can experience a reduction in servicing costs with your EV!
Reduce your carbon dioxide emissions with an electric vehicle. When comparing charging carbon output to fueling petrol and diesel cars, your new EV will minimize your carbon footprint.
Driving an electric car on a novated lease undergoes the same process as novating a petrol car:
