Electric cars are the clear future of the motoring industry. In fact, combustion engines are already beginning to be phased out. By 2035, new car buyers won't have the option to purchase a combustion engine as the European Union have reached an agreement to ban the sale of new combustion-engine vehicles.
Drivers in Australia have had a slow uptake of electric vehicles mainly due to the high upfront cost and limited charging infrastructure. This is quickly changing though following the federal government's introduction of the electric car discount making electric cars much more affordable.
Government incentives encouraging the adoption of electric cars have proven successful for other countries across the globe, mainly Norway where 80% of new cars sold are now EVs!
What is the Electric Car Discount?
The Electric Car Discount is a policy introduced by the Federal Government providing a fringe benefits tax (FBT) exemption for low and zero-emissions cars from 1 July 2022.
To be eligible for the exemption, cars must meet the following:
- Battery Electric Vehicles, Hydrogen Fuel Cell Electric Vehicles, Plug-in Hybrid Electric Vehicles
- Valued below the luxury car tax threshold ($89,332 for FY2023-24)
- First made available for use on or after 1 July 2022
What Cars are Eligible?
There are many cars available for the electric car discount, including:
MG HS Plus EV Excite
Priced from: $49,690
Range: 63km
MG ZS EV Excite
Priced from: $47,371
Range: 320km
Nissan LEAF
Priced from: $55,503
Range: 270km
BYD Atto 3
Priced from: $50,840
Range: 345km
Ford Escape ST-Line PHEV
Priced from: $60,287
Range: 60km
Mitsubishi Eclipse Cross PHEV ES
Priced from: $50,490
Range: 55km
Hyundai Kona Electric Elite
Priced from: $58,817
Range: 305km
MINI Hatch Cooper SE
Priced from: $61,399
Range: 222km
Mitsubishi Outlander PHEV
Priced from: $60,813
Range: 39km
Cupra Leon VZe
Priced from: $66,490
Range: 67km
Cupra Formentor VZe
Priced from: $66,990
Range: 58km
Cupra Born
Priced from: $59,990
Range: 511km
MINI Countryman All4 Hybrid
Priced from: $70,101
Range: 61km
Hyundai IONIQ 5
Priced from: $77,559
Range: 507km
Volvo XC40
Priced from: $78,939
Range: 510km
Mazda MX-30 E35 Astina
Priced from: $70,812
Range: 224km
Volvo C40 Recharge
Priced from: $81,023
Range: 434km
Kia Niro EV S
Priced from: $72,289
Range: 460km
Polestar 2
Priced from: $68,951
Range: 470km
Kia Niro Plus EV
Priced from: $70,051
Range: 427km
Lexus UX
Priced from: $80,730
Range: 360km
Mercedes-Benz EQA
Priced from: $81,700
Range: 524km
Mazda CX-60
Priced from: $87,448
Range: 76km
Peugeot 508 Plug-in Hybrid
Priced from: $87,929
Range: 55km
Peugeot 3008
Priced from: $89,293
Range: 59km
Kia EV6
Priced from: $72,590
Range: 484km
Tesla Model Y
Priced from: $74,403
Range: 455km
Tesla Model 3
Priced from: $69,193
Range: 491km
Driveaway price is based on Victorian customers. This will vary according to state on-road costs. After 30 years, Remunerator have built a dealer network that we can source discounted pricing 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!
Talk to our novated leasing specialists to learn how much you could save here.
UPDATE: The Luxury Car Tax Threshold increased to $89,332 from July 1st 2023. The following cars now qualify for the electric car discount from this date:
Tesla Model 3 Performance
Priced from: $87,300
Range: 547km
Tesla Model Y Long Range
Priced from: $82,300
Range: 533km
Kia EV6 GT Line
Priced from: $85,821
Range: 504km
Lexus UX300e Sports Luxury
Priced from: $87,698
Range: 360km
Mercedes-Benz EQA250
Priced from: $85,940
Range: 524km
Kia Sorento PHEV GT-Line
Priced from: $87,379
Range: 68km
Mazda CX-60 P50e GT
Priced from: $
Range: 491km
Peugeot 3008 GT Sport Plug-In Hybrid AWD
Priced from: $89,279
Range: 60km
Peugeot 508 GT Plug-In Hybrid
Priced from: $87,915
Range: 55km
GWM Ora
Priced from: $44,490
Range: 310km
MG 4
Priced from: $47,990
Range: 530km
Mercedes-Benz EQB
Priced from: $87,800
Range: 371km
Ford Mustang Mach-E
Priced from: $79,990
Range: 490km
BMW iX1
Priced from: $82,900
Range: 440km
BYD Dolphin
Priced From: $41,346
Fiat 500e
Priced from: $58,123
Peugeot e-2008
Priced from: $65,402
Hyundai IONIQ 6
Priced from: $70,796
Volvo EX30
Priced from: $66,449
MINI Electric Hatch
Priced from: $61,399
Abarth 500e
Priced from: $64,792
Renault Megane e-Tech
Priced from: $70,472
BYD Seal
Priced from: $52,806
Mazda CX-60
Priced from: $79,546
Alfa Romeo Tonale
Priced from: $57,081
Kia Sorento PHEV
Priced from: $81,080