We are due to replace vehicles in our business. Looking forward to trading our agricultural Utes for FBT
exempt EVs.
Thanks to Pegaxs the MVP for providing link: https://www.alp.org.au/policies/electric_car_discount/
Electric Car Discount will begin on 1 July 2022 and be reviewed after three years, in light of electric car take up at that time.
Australia lags the world on take up of electric cars.
Just 1.5 per cent of cars sold here are electric and plug-in hybrid – compared to 17 per cent in the United Kingdom, and 85 per cent in Norway.
In total, there are only around 24,000 registered electric cars on Australian roads, of around 15 million total cars.
This is despite growing enthusiasm for electric cars in Australia. A majority of Australians say they’d consider buying an electric model as their next car.
But electric cars remain unaffordable for most Australians.
There are no electric cars available in Australia for under $40,000, and just five for under $60,000.
In comparison, there are more than two dozen electric cars available in the UK for under AU$60,000 – including eight that are cheaper than the cheapest electric car in Australia.
As part of the Discount, Labor will exempt many electric cars from:
Import tariffs – a 5 per cent tax on some imported electric cars; and
Fringe benefits tax – a 47 per cent tax on electric cars that are provided through work for private use.
These exemptions will be available to all electric cars below the luxury car tax threshold for fuel efficient vehicles ($77,565 in 2020-21).
He'll I'll definitely jump on the EV market once I can get one for about $25 - $30k AUD range even with the hike in petrol prices it's way too expensive to upgrade to EV.