The conventional wisdom is that rapid charging your EV battery can speed up its capacity decline – if you overdo it. This is because fast-charging any battery produces more waste heat – and heat is one of those things that can contribute to lithium-ion battery degradation.
The truth is that all batteries, no matter their quality, degrade over time.
Australia-wide, you can now buy/drive an electric vehicle without paying import tariffs or fringe benefits tax (FBT).
New South Wales are offering a $3000 rebate for the first 25,000 new battery electric and hydrogen fuel cell vehicles with a dutiable value of less than $68,750.
Victoria is also offering a $3000 rebate for zero emission vehicles (ZEVs) with a dutiable value of less than $68,750.
While there’s every possibility that Labor could go ahead and extend their FBT and import tariff exemptions to other forms of electric-powered vehicles, like buses and bikes, we’ve got to take things one step at a time.
While it seems logical and practical to implement tax exemptions for electric motorbikes, scooters, trucks and so on, we don’t know what Labor has in stock for us on that front.
Labor’s EV tax break is actually already in effect. The Electric Car Discount came into effect at the start of the new financial year on July 1, 2022. The Discount is guaranteed to go ahead for three years when it will be reviewed, in view of EV uptake.
Electric vehicles come with cheaper and more consistent running costs. Don’t be left thinking about harvesting one of your organs for extra cash while you’re watching the fuel gauge get higher and higher. Invest in an EV!
On a global level, switching to an electric vehicle is a great move. Electric vehicles currently produce far fewer emissions than combustion engine vehicles, with the goal that, soon, all EVs will be 100% zero-emission. This means a greener, healthier planet for all of us.
