Australia is in the midst of the most dramatic change to the automotive landscape: we’re shifting away from traditional petrol and diesel engines towards an electric future. Electric vehicles can significantly reduce carbon emissions, and the Federal government is embracing this pivot with a range of incentives to help buyers get a better deal while also doing their bit for the environment and transitioning to a more sustainable future.
In July 2022, the Electric Car Discount Bill was introduced with the aim of making new fully electric and plug-in hybrid vehicles more attainable to a broader number of people. The way the bill helps you save money is by removing fringe benefits tax (FBT) from the cost of vehicles below the luxury car tax
