Electric Vehicle Discount Guide for Employers

This guide provides an overview of the electric vehicle (EV) discount available for employers in Australia, aimed at enhancing the affordability of electric cars for employees. It explains that the EV discount is a fringe benefit tax (FBT) exemption applicable to novated leases on eligible electric vehicles, which can lead to significant savings for employees compared to traditional petrol vehicles. The document outlines the eligibility criteria for the EV discount, including vehicle types such as battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), as well as the luxury car tax threshold. Additionally, it discusses the rising popularity of electric vehicles in Australia, with statistics indicating a growing market share. The guide emphasizes the potential financial benefits for employees and the positive impact on organizational sustainability goals, aligning with the Federal Government's commitment to reducing emissions. It also includes a case study illustrating potential savings for employees opting for electric vehicles through novated leases.