Electric Cars | Remunerator

Electric vehicles are the clear future of the motoring industry with automotive manufacturers and governments across the globe set targets working towards a zero-emissions future. Experience all the benefits of a novated lease on your electric vehicle.

Benefits Of Novating An Electric Vehicle

There are many benefits to owning an electric vehicle including:

Reduced Running Costs

The cost to charge an electric vehicle compared with filling up a petrol or diesel car is slightly cheaper.

Servicing costs are also reduced due to the electric vehicles having fewer moving parts that do not wear out as easily over time. Servicing intervals are less frequent, generally at 12 months or 15,000kms.

Reduced Emissions

The manufacturing processes and materials that make electric cars are generally sourced in a more environmental manner than their petrol counterparts.

More, when running an electric vehicle, in terms of recharging and driving, carbon dioxide emissions are significantly reduced in comparison to petrol and diesel cars.

Fringe Benefits Tax Free

As of July 1st 2022, owning and driving an electric vehicle has become much more affordable for Australian families following the introduction of the 'Electric Car Discount' bill to parliament.

All eligible electric cars purchased on or after 1st July 2022, will be fringe benefits tax (FBT) free, offering employers and employee thousands in savings each year when driving an EV on a novated lease.

Read the media release

How Do I Novate An Electric Car?

Driving an electric car on a novated lease undergoes the same process as novating a petrol or diesel car:

Start Driving Your Electric Car Today!

Frequently Asked Questions

What is an electric vehicle?

An electric vehicle (EV) is a vehicle that uses an electric motor to power it's drive.

There are three main types of EVs, being:

Hybrid electric vehicles
Plug-in hybrid electric vehicles
Battery electric vehicles

Battery electric vehicles are what people generally think of when hearing electric vehicle. These are 'ell-electric' vehicles that are powered exclusively by a battery, for example Tesla vehicles.

What is a hybrid vehicle?

A hybrid vehicle uses both a petrol engine and electric motor to power a car.

There are two main types of hybrid vehicles:

1. Hybrid Electric Vehicle

The electric and petrol engine work together to reduce fuel consumption. These cars cannot be plugged in to charge the battery. Instead, the battery is charged when driving through regenerative braking.

2. Plug-in Hybrid Electric Vehicle (PHEV)

Plug-in hybrid electric vehicles are also powered by electric and petrol engines that work together. The main difference is, PHEVs have a larger and more powerful battery packs. Drivers can choose between driving in electric-only mode or with the petrol motor. To battery is charged through regenerative braking or, as the name suggests, by plugging it in.

Can I claim recharging costs?

Yes, you can claim on the recharging costs of your electric vehicle and include them in your salary package. At this stage, FBT legislation has not been updated to reflect the differences between a combustion engine car and an EV.

As such, our interpretation at this stage is that electricity costs can only be claimed if you can uniquely identify the electricity used and the specific cost. For further information, talk to our novated leasing specialists.

Can I claim the purchase price of an EV charger?

The purchase of an EV charger is a capital cost, therefore would be added to the purchase price of the EV.

When is each car brand offering an electric fleet?

We're seeing more car manufacturers introducing EVs into their product lines. In fact, almost every car brand has identified electric as the future of motoring.

Here's a round up of when each manufacturer has identified when they are transitioning to an electric fleet:

Car Brand	Electrified Fleet Date
Alfa Romeo	Fully electric by 2030
Alpine	Fully electric by 2030
Aston Martin	Introducing Lagonda, their all-electric sub-brand set to debut before 2030
Audi	Confirms it intends to build their last combustion-engine vehicle in 2026
Bentley	Entire line-up to be plug-in hybrids by 2026 and completely battery-electric by 2030
Citroen	Aims to offer electrified version of every model in its range by 2025
Fiat	Phasing out combustion engines from 2025 and fully electric by 2030
Ford	Passenger car fleet fully electric by 2030
GM	Phase out petrol and diesel cars by 2035, with plans to become carbon neutral by 2040
Honda	Pledged to become zero-emissions brand by 2040
Jaguar	Aims to offer electrified version of every model in its range by 2025
MINI	Plans to offer plug-in hybrid version of every model in its range by 2025 and eliminating combustion engines by 2030
Maserati	All models in its range will be plug-in or fully electric by 2025
Mercedes-Benz	Expects half its sales will be all-electric or hybrid models by 2025
Peugeot	All models in its range will be hybrid or fully electric by 2025
Volkswagen	Fully electrified range in Europe by 2035, with Australia to follow soon after
Volvo	All vehicles to be hybrid or electric by 2025, with plans to eliminate combustion engines by 2030

For information on any car brands not listed here, please contact our novated leasing specialists who will be happy to assist you in any of your enquiries.

Is driving an electric vehicle 'better' than petrol?

The answer to this question is very subjective and depends on an individuals circumstances and personal preferences.

It's clear that the future of motoring is electric and a big part of the motoring public will be using electric power in some form.

But how do electric cars compare to their petrol counterparts now?

We investigate this question in our article here.