Any government changes to EV incentives, such as the FBT exemption or state-level rebates, apply based on the rules in effect at the time your lease is signed. If incentives are removed or revised later, they typically won’t impact existing lease agreements. Always check the fine print with your provider and stay informed about policy … Continued
In many cases, yes. When you factor in lower fuel (charging) costs, reduced maintenance, and potential FBT exemptions, EVs can offer significant savings compared to petrol or diesel vehicles. Bundling these costs into your pre-tax salary via a novated lease structure can amplify these benefits, particularly for drivers with high annual mileage.
Yes, in many cases, you can include EV-related accessories like charging cables, portable chargers, and wall-box home chargers in your novated lease agreement. These must be purchased and listed on the tax invoice at the time of lease setup and may require installation by an authorised provider.
EVs generally require less maintenance than petrol or diesel vehicles, no oil changes, fewer moving parts, and lower wear and tear on brakes. Most novated lease providers still include routine servicing in the lease package, and may partner with EV-certified mechanics or dealerships. Be sure to check whether your provider covers EV-specific maintenance items like … Continued
Some novated lease packages allow the inclusion of charging costs, particularly from public charging stations, within your pre-tax salary deductions. However, reimbursement for home charging may require additional documentation, such as electricity bills or usage logs. Providers may vary in what they accept, so it’s important to ask whether EV charging can be bundled into … Continued
Yes, electric vehicles are eligible for novated leasing. In fact, the Australian Government currently provides Fringe Benefits Tax (FBT) exemptions on certain eligible EVs, specifically those below the luxury car tax threshold and first used after 1 July 2022. This has made EVs an increasingly attractive option for employees looking to save on running costs while reducing … Continued