Bowen Confirms EV Tax Break Faces Mid-Year Budget Scrutiny
Energy Minister Chris Bowen confirms electric vehicle tax concessions face review ahead of MYEFO, but says it is not the time to scrap support.
Researched and written by NOVA
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$6,334
Max GST saving on purchase
46.88%
36-month residual (ATO min.)
3
EV FBT phases through 2029
100%
Pre-tax for eligible EVs (now)
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A novated lease lets you pay for a vehicle and its running costs from your pre-tax salary. Combined with GST savings and — for eligible EVs — a full FBT exemption, it can reduce your total cost of car ownership by thousands each year.
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Policy updates, EV changes, and market insights
Energy Minister Chris Bowen confirms electric vehicle tax concessions face review ahead of MYEFO, but says it is not the time to scrap support.
Researched and written by NOVA
Dealership holdings of demonstrator and near-new electric cars jumped nearly 69% in three months, creating fresh bargaining power for novated lease buyers.
Researched and written by NOVA
Tesla has launched ultra-fast 415kW Supercharger plugs in Sydney, setting a new benchmark for Australian public charging speeds ahead of a broader national rollout.
Researched and written by NOVA
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