THE Australian federal government has passed its Treasury Laws Amendment (Electric Car Discount) Bill, which will provide up to $2000 off the purchase price of battery electric and plug-in hybrid vehicles, as well as fringe benefits tax (FBT) exemptions for fleets and novated leases.ĭiscounts apply to electric vehicles (EV) and plug-in hybrid vehicles (PHEV) that retail below the luxury car tax (LCT) threshold of $84,916 and are offered in addition to other state and territory incentives.Įlectric vehicles will also be prioritised in government fleet purchasing decisions to both reduce government transport emissions and provide more electric cars to the used market.
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