Question 1

Q1 - Who is eligible for the FBT Exemption?

Accepted Answer

The FBT Exemption applies to eligible low- or zero-emission vehicles, including EVs and PHEVs, up to $89,332 in value. Individuals or businesses using novated leases can benefit from this exemption.

Question 2

Q2 - What is the deadline for the PHEV Exemption under the Federal Government program?

Accepted Answer

The FBT exemption for PHEVs is effective until April 1, 2025, highlighting the temporary nature of this benefit for plug-in hybrid vehicles.

Question 3

Q3 - What is the significance of the Higher LCT Threshold for EV owners?

Accepted Answer

EV owners enjoy a higher luxury car tax (LCT) threshold, set at $89,332 for the 2023/24 financial year, allowing them to choose more expensive vehicles without incurring additional LCT costs.

Question 4

Q4 - What is the eligibility criteria for the South Australia EV Subsidy?

Accepted Answer

South Australian drivers can benefit from a $3,000 subsidy for new battery electric and hydrogen fuel cell vehicles under $68,750 (incl. GST), excluding PHEVs and used cars.

Question 5

Q5 - What is the deadline for NSW EV Rebate and Stamp Duty Exemption?

Accepted Answer

The incentives in New South Wales, including the $3,000 EV Rebate and Stamp Duty Exemption, end on January 1, 2024. However, benefits can still be availed if a purchase or deposit is made before that date.

EV Incentives and Rebates in Australia

Delhi govt offers subsidy of INR 5,500 for first 10,000 buyers of e-cycles