Australians will continue to benefit from lower purchase prices and significant savings on running costs for electric vehicles (EVs), with bipartisan support for the electric car discount.
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Both major parties have confirmed the discount through support for the Fringe Benefits Tax (FBT) exemption for electric vehicles, with Opposition leader Peter Dutton committing to retain it should the Coalition be elected at the May 3 election.
Electric Vehicle Council CEO Julie Delvecchio said, “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.
“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.
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“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,” Delvecchio said.
