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 their environmental impact. Check with your novated lease provider to confirm if your preferred EV qualifies under the current tax exemptions.