New tax changes have made EV Novated Leasing far more affordable than lower-priced petrol cars.
Electric Vehicle Novated Leasing starts with the employer & our service is free to all employers
At Vehicle Solutions, we love and support the world transitioning to EVs. This started with our employees and the installation of free chargers at our office. This small incentive quickly saw the uptake of three new EVs, with more to follow.
However, the Federal Government incentive that now makes all EVs under $91,387 tax-free on a Novated Lease has transformed the EV market in Australia. Watch the video below that demonstrates the power of this tax incentive. This video shows how a Tesla is now more affordable than a Hybrid Corolla.
Electric vehicles (EVs) are an excellent choice for reducing carbon emissions and promoting sustainable transportation. Transitioning to electric vehicles is crucial in combating climate change and improving air quality.
Living the electric vehicle ownership journey involves several key aspects:
- Vehicle Selection: Choosing the right electric vehicle that suits your needs is essential. Consider range, charging infrastructure, cost, and available incentives. Research different models and compare their specifications and features.
- Charging Infrastructure: Access to convenient and reliable charging infrastructure is vital for EV owners. Check for public charging stations in your area and ensure that you have access to charging points at your home or workplace. Installing a home charging station can provide added convenience and faster charging.
- Charging Etiquette: Be mindful of charging etiquette, especially when using public charging stations. Try to be considerate by not leaving your vehicle parked at a charging station after it’s fully charged so that others can use the available spot.
- Range and Trip Planning: Electric vehicles have a range limitation, so you must plan your trips accordingly. Take advantage of range calculators and navigation systems that help identify charging stations along your route. This way, you can prepare for charging stops to ensure a smooth journey.
- Maintenance and Service: Electric vehicles have fewer moving parts than traditional internal combustion engines, which generally results in lower maintenance costs. However, regular maintenance, such as tyre rotations, brake inspections, and software updates, is still necessary. Familiarise yourself with the specific maintenance requirements of your EV model.
- Community Engagement: Engaging with the electric vehicle community can provide valuable insights, tips, and support. Join local EV owner groups, attend events, and participate in online forums to share experiences, learn from us and our partners, and stay updated with the latest EV advancements.
- Advocacy and Education: As an EV owner, you can contribute to the broader adoption of electric vehicles by advocating for clean transportation policies and educating others about the benefits of EVs. Encourage friends, family, and colleagues to consider electric vehicles and share your positive experiences.
By actively embracing and promoting the electric vehicle ownership journey, you play a vital role in driving the transition to sustainable transportation and creating a greener future.
Novated Leasing is entirely free for employers to establish and maintain. Vehicle Solutions will manage the entire rollout and vehicle management. If you want to set up this reward program at your workplace, please call us at 1300 990 880 or fill out the contact form by clicking the button below.
A Tesla 3 is now more affordable than a Corolla
Watch the video below to see how a Tesla is now more affordable than a Corolla. Then, try our calculator to see how affordable your dream EV can be.
EV Availability and how we can help.
(EVs) are becoming increasingly popular in Australia, and many models are already available in the market, with many more being released over the coming months and years. However, specific availability may vary depending on the current date and recent developments in the EV industry. Check with local dealerships or visit their websites for the most up-to-date information on EV availability in Australia.
But the most important decision is which EV suits your needs, budget and lifestyle.
We can assist by showing you exactly what EV’s are available under the $91,387 FBT FREE limit. Simply scroll down to the calculator below and you can scroll through all makes and models available in the Australian market now.
If you are interested in getting a more detailed quote and talking to one of our EV experts, click “Get A Details Quote” on the calculator, and a team member will get in touch ASAP.
Our team can also assist in securing fleet discounts and faster availability if available.
EV Blogs and research-backed fact-checking!
The following concerns research data and fact-backed information on electric vehicle manufacturing, choice, ownership and current incentives. The information provided is/was up to date at the time of the article. All research-based articles show the original source data and information, including the authors, research source and the names of all contributors where possible. We have not verified any original data or research we simply take the research at face value, given the trust and educational status the research institutions hold internationally.
Frequently Asked Questions:
What is Electric Car Novated Leasing?
Electric Car Novated Leasing is a tax-free salary benefit by which an employee can own an electric vehicle (EV). For EVs under $91,387 plus on road costs an employee can salary package 100% of the finance and runnings costs before tax, thus, making EVs more affordable than far more expensive petrol-fueled cars.
How does the Federal Government’s tax incentive affect EV Novated Leasing?
Thanks to an incentive from the federal government all electric vehicles priced under $91,387, are 100% tax free. The finance and all running costs are all paid before tax under a Novated Lease. The income tax and GST savings heavily reduce the ownership cost of EVs, they are now far more affordable than their petrol counterparts. Take, for example, the case of Tesla, which is now cheaper to own than a hybrid Corolla on a Novated Lease because of the tax benefit.
What are the benefits of switching to an electric vehicle through Novated Leasing?
Transitioning to an electric vehicle with the benefits of Novated Leasing can result in significant differences, including having a smaller carbon footprint, a cheaper running cost, and availing of government incentives. With limited moving parts, EVs are less expensive to maintain, plus the every growing infrastructure charging access makes it increasingly practical for daily use.
What electric vehicles are available for Novated Leasing in Australia?
Electric vehicles (EVs) are currently available for lease in Australia. Vehicle Solutions can help you find the right EV, ideally suited to your needs, budget, and lifestyle, and even give details on fleet discounts and quicker availability.
How can my employer set up an EV Novated Leasing program?
Setting up an easy program for employees to novate EV leasing is free and simple at your workplace. Vehicle Solutions will manage the whole process from the rollout to vehicle management. All employers interested in providing this benefit to their employees should contact Vehicle Solutions by calling 1300 990 880 or filling out the contact form on their website for more details.