Australians will continue to benefit from lower purchase prices and significant savings on running costs for electric vehicles, with bipartisan support for the electric car discount.
Both major parties have confirmed the discount through support for the Fringe Benefits Tax (FBT) exemption for electric vehicles, with the Liberal Leader Peter Dutton committing to retain it should the Coalition be elected at the May 3 election.
EVC Chief Executive Julie Delvecchio said the development provides certainty for Australian families looking to make the switch to cleaner, more affordable transport.
“The Electric Vehicle Council is pleased to see our call for bipartisan support during the election campaign answered, with the Coalition’s backing of the FBT policy,” Ms Delvecchio said.
“This will mean Australians can continue to access cost-of-living relief by shifting to cleaner, more affordable cars.
“It is clear both major parties recognise the importance of this policy in cutting the cost of living for all Australians. Maintaining this commitment means more Australians can confidently plan for an electric future knowing the next government will support the decision to go electric.
“This policy is helping more Australians afford the upfront cost of an EV. Owning an EV can save drivers up to $3,000 per year in fuel and maintenance costs.
“This is a positive step forward for Australian families, who will continue to see reduced transport costs, better air quality and lower emissions as a result.”
Ms Delvecchio highlighted the policy’s success in increasing accessibility and affordability of electric vehicles, particularly in suburban and regional areas.
“The electric car discount doesn’t just reduce the upfront cost for new car buyers - it also grows the second-hand EV market, allowing even more Australians to benefit from affordable, sustainable transport,” she said.
Contact details:
Sofie Wainwright: 0403 920 301