GEELY EX2 INSPIRE

The Geely EX2 lineup in Australia spans two grades. COMPLETE is the entry point at $26,490, and INSPIRE steps up to $30,990 with additional equipment. Both are electric 5-door hatchbacks with rear-wheel drive and a single-speed automatic transmission.

*Drive-away estimate; on-road costs vary by state and by buyer. RRP is before on-road costs.

Pros

• Both grades sit well under the $75,000 EV FBT full-exemption line and the $91,387 luxury car tax threshold, keeping the full novated lease exemption in play through the phase-out.
• A sub-$30,000 entry price makes the COMPLETE grade one of the more affordable electric hatchbacks available new in Australia.
• The two-grade range keeps the choice simple: COMPLETE for the lower price, INSPIRE for extra equipment.

Cons

• Only two grades are offered, with no dual-motor, all-wheel-drive, or extended-range option.
• Power output and seating configuration are not yet published for the Geely EX2 in this guide — confirm these directly with a dealer before deciding between grades.

Battery electric vehicles under the luxury car tax threshold for fuel-efficient vehicles ($91,387, rising to $91,661 from 1 July 2026) are exempt from fringe benefits tax when packaged through a novated lease. That exemption is being phased out in two steps.

• Until 31 March 2027 — full exemption, unchanged, for any Geely EX2 grade.
• From 1 April 2027 — full exemption continues only for electric vehicles under $75,000. Above that, up to the luxury car tax threshold, a 25% FBT discount applies instead.
• From 1 April 2029 — the full exemption ends. A 25% discount applies to all eligible vehicles.

Leases already in place are grandfathered: a lease entered into before a phase start date keeps its treatment for the term.

Where each grade sits: both Geely EX2 grades price well under the $75,000 line, on both RRP and drive-away estimate. COMPLETE ($26,490 RRP, $29,692 drive-away) and INSPIRE ($30,990 RRP, $34,327 drive-away) both keep the full FBT exemption right through the 1 April 2027 change, and only move to the 25% discount tier once the exemption ends entirely on 1 April 2029.

Geely is a Chinese manufacturer that entered the Australian market with a growing range of electric and hybrid vehicles. The EX2 is its compact electric hatchback, offered here across the COMPLETE and INSPIRE grades covered here.

General information only

Pricing and tax thresholds on this page are general information, not tax or financial advice, and were correct at the time of publication. FBT and luxury car tax thresholds change, and the treatment of any particular lease depends on your circumstances and on the vehicle as configured. Confirm the numbers for your own situation before committing.