28/05/2026
⚡ Electric vehicle tax concessions are set to change under the proposed Federal Budget measures.
The Government has announced plans to gradually reduce the current Fringe Benefits Tax (FBT) exemptions available on some electric vehicles provided through novated lease arrangements.
Under the proposed changes:
🚗 Full concessions may only continue for EVs under $75,000 from 1 April 2027
🚗 Higher-priced EVs may receive reduced tax benefits
🚗 Existing arrangements may also be affected in some cases
If you currently have an EV under a novated lease, or are considering one in the future, now may be a good time to review the potential impact of these proposed changes.
Please contact the team at AMCP if you would like to discuss your situation.