The Electric Car Discount has proven successful in encouraging everyday Australians to switch to electric cars. Australia's National Automotive Leasing and Salary Packaging (NALSOA) show EVs account for 40% of all new novated leases.
What is the Electric Car Discount?
The Electric Car Discount was introduced by the Australian Government to help make electric cars affordable for everyday Australians by offering a Fringe Benefits Tax (FBT) exemption on electric and plug-in hybrid cars.
To be eligible for the exemption:
- Must be electric or PHEV vehicle.
- Valued below the luxury car tax threshold for fuel efficient vehicles ($89,332 for FY23/24).
- First made available for use on or after 1 July, 2022.
There are many cars that qualify for the electric car discount.
With the increased demand in Australia for electric vehicles, manufacturers are releasing new models to cater for the market demand. Here are the 4 latest release electric vehicles that you must know about for your new novated lease:
Polestar 4
Priced from: $85,535
Range: 560-600km
Subaru Solterra
Priced from: $73,025
Range: 414km
BMW iX2
Priced from: $85,935
Range: 449-477km
Toyota bZ4X
Priced from: $68,430
Range: 411-436km
Driveaway price is based on Victorian customers. This will vary according to state on-road costs. After 30 years, Remunerator have built an Australian-wide dealership network that we can source discounted pricing on new cars and access to stock exclusive to our customers.
We can help you save more on your new hybrid or electric car when you source it with Remunerator.