Electric vehicle novated lease

Tasmania's Electric Vehicle Rebate program is not currently accepting any new applications, and rebates for the purchase of electric vehicles have been reserved. However, as of 1 July 2024 there may be some funding still available where applicants have not completed their EV purchase.

EVs procured under a novated lease in Tasmania, and below the LCT threshold, are still exempt from FBT. Select ‘Australia-Wide’ to learn more.

More info: https://recfit.tas.gov.au/what_is_recfit/climate_change/electric_vehicles/support

The Zero Emissions Vehicle Subsidy is now closed to new applications, with nearly 10,000 ZEV subsidies were delivered. No state-specific rebates or incentives currently apply for EVs procured under a novated leasing agreement.

EVs procured under a novated lease in Victoria, and below the LCT threshold, are still exempt from FB. Select ‘Australia-Wide’ to learn more.

More info: https://www.solar.vic.gov.au/zero-emissions-vehicle-subsidy

The Western Australian government offers a ZEV $3500 rebate for the first 10,000 EVs purchased for $70,000 or less (inc GST). This plan was announced on 10 May 2022 to run for up to three years or until places run out.

The rebate is available for demonstrator vehicles if they were registered on or after 10 May 2022, however, the rebate does not apply to used vehicles.

More info: https://www.transport.wa.gov.au/projects/zero-emission-vehicle-zev-rebate.asp

The Queensland government offers a rebate of $6000 for new Zero Emission Vehicles (battery and hydrogen cell) purchased for up to $68,000. It will be available for those earning up to a total gross household income of $180,000 per year.
Plug-in hybrid electric vehicles are not eligible for the $3,000 rebate.

QLD Gov also charges lower duties for EVs than fossil fuel vehicles: $2 per $100 up to $100,000 (dutiable value), and $4 per $100 value thereafter (around a third less in total than more polluting vehicles).

More info: https://www.qld.gov.au/transport/projects/electricvehicles/hitting-the-road

Canberra is electrifying! New and used zero-emission vehicles (including motorcycles) are exempt from motor vehicle duty, as are new plug-in hybrid vehicles (PHEVs) and hybrid vehicles (HEVs) purchased or acquired from 1 August 2022.

You may be eligible for lower registration fees in the ACT for lower-emissions vehicles, or up to $15,000 zero interest loans to buy a ZEV under the Sustainable Household Scheme. *Eligible households only, Terms and Conditions apply.

More info: https://www.climatechoices.act.gov.au/transport-and-travel/cars-and-vehicles

The NT government offers a stamp duty discount of up to $1500 on new and used EVs with a dutiable value of under $50,000 before 30 June 2027 – plus free registration for EVs over the same period.

The state government also launched the Electric Vehicle Charger (Residential and Business) Grants Scheme to encourage EV owners to buy and install EV chargers. As of July 1, 2022, there are 100 residential grants of $1000 and 80 business grants of $2500.

More info: https://dipl.nt.gov.au/strategies/electric-vehicle

The NSW Government is currently offering a rebate of $3,000 for the first 25,000 new battery electric and hydrogen fuel cell vehicles purchased, with a dutiable value of less than $68,750. Stamp duty has also been abolished as part of this incentive to help boost the uptake of EVs in the state. The goal is to have EVs account for more than 50% of all car sales by 2030-31 in the state. This rebate can apply to any eligible vehicle purchased from September 1 2021.

The rebate currently does not apply for any vehicles procured under a novated leasing agreement. However, EVs procured under a novated lease in NSW are still exempt from FBT.