What should I know on dates and eligibility regarding the EV discount?
EVs – Novated Leasing
The discount applies to eligible EVs that fall below the luxury car tax threshold of $91,387 for low-emission vehicles held and used on or after 1 July 2022. Cars first held or used prior to 1 July 2022 do not qualify.
PHEVs are also eligible for the electric vehicle discount up until 1 April 2025. From that date, those on pre-existing leases are still entitled to the FBT exemption up until the end of their lease, so long as a commitment is made before 1 April 2025.
Disclaimer: This general information doesn’t take your personal circumstances into account. Please consider whether this information is right for you before making a decision and seek professional independent tax or financial advice. Employers should independently consider whether a benefits program is appropriate for their organisation and seek advice where appropriate. Conditions and fees apply, along with credit assessment criteria for lease and loan products. The availability of benefits is subject to your organisation’s approval. Maxxia may receive commissions in connection with its services. Maxxia does not act as your agent or representative (or provide you with any advice or recommendations) in respect of the purchase of any vehicle.