PHEV stands for ‘Plug-in Hybrid Electric Vehicle’ and is an electric vehicle that has both an internal-combustion engine (ICE) that uses petrol, and a battery-powered electric motor. This battery-powered motor is the main power source for the car, while the ICE is on standby as an emergency back-up for when your battery starts to run low.

Please note: From 1 April 2025, a plug-in hybrid electric vehicle is no longer considered a zero or low emissions vehicle under FBT law. However, your employer can continue to apply the exemption if both the following requirements are met: 1) Use of the plug-in hybrid electric vehicle was exempt before 1 April 2025. 2) You have a financially binding commitment to continue using the vehicle for private use on and after 1 April 2025. For this purpose, any optional extension of the agreement is not considered binding. To qualify for the EV discount, plug-in hybrid electric vehicles must have been delivered by midnight on 31 March 2025. Due to high demand and stock limitations there may be some vehicles that do not meet the delivery deadline for the EV Discount. Customers are advised to confirm delivery timelines before proceeding with their order.