Electric Vehicles

100% Pre-Tax Deductions on all Full Electric Vehicles

(Not Applicable To Luxury Vehicles)

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Drive into the Future with 100% Pre-Tax Deductions on Full Electric Vehicles

Investing in a new Electric Vehicle is wise if you’re currently weighing your options for a novated lease.

At National Salary Packaging, we’re making the shift to electric more affordable than ever. Thanks to the Australian Government’s Electric Vehicle FBT Exemption, you can now salary package a full electric vehicle with 100% pre-tax deductions, saving thousands in tax and running costs!

 

Why Salary Package an Electric Vehicle?

Imagine driving a state-of-the-art electric vehicle (EV) while significantly reducing your tax burden and overall vehicle expenses. Through salary packaging, you can maximise your savings by utilising pre-tax income for repayments and running costs—an opportunity that delivers both financial and environmental benefits.

✅ Substantial Tax Savings – Reduce your taxable income by paying for your EV with pre-tax dollars.
✅ Zero Fringe Benefits Tax (FBT) – Eligible full electric vehicles are exempt from FBT, offering even greater savings.
✅ Lower Running Costs – Eliminate fuel expenses, benefit from reduced servicing requirements, and enjoy the efficiency of electric charging.
✅ No GST on Running Costs – Subject to eligibility, salary packaging may enable you to avoid GST on running expenses, further reducing costs.
✅ No GST on the Purchase Price – If applicable, you may also benefit from GST-free purchasing, lowering the upfront cost of your EV.

Take advantage of this cost-effective and tax-efficient way to drive a new electric vehicle while contributing to a more sustainable future.

 

What’s Covered?

  • 100% Full Electric Vehicles (EVs) qualify for this tax-saving benefit.
  • Luxury Electric Vehicles ($91,389+ on-road costs (in 2025) are not eligible under this scheme.
  • Charging Costs & Maintenance can also be salary packaged for even more savings.

How Does It Work?

  1. Choose Your EV – Select a full electric vehicle that meets the eligibility criteria.
  2. Package It Pre-Tax – We structure your salary packaging arrangement to maximise your tax savings.
  3. Drive & Save – Enjoy tax-free repayments and significantly reduced vehicle costs.

 

Take Advantage of the EV FBT Exemption Today!

With fuel prices on the rise and the push for sustainability growing, there’s never been a better time to switch to an EV.

Through salary packaging, you’ll drive a brand-new electric car for less, all while reducing your carbon footprint.

👉 Ready to make the switch? Contact us today to find out how much you can save!

FAQ's

PHEVs – Novated Leasing

If you move to a new employer, it will trigger a new novated lease arrangement. As per ATO guidance, a change of employer is considered a new commitment to the availability of the vehicle by the new employer, and as such, this will result in the loss of the FBT exemption for eligible electric vehicles, including plug-in hybrid electric vehicles (PHEVs). This applies even if the change occurs within the same corporate group.

Important Note on PHEVs from 1 April 2025:
From 1 April 2025, plug-in hybrid electric vehicles (PHEVs) will no longer be treated as zero or low-emission vehicles for the purpose of the FBT exemption. However, the exemption can continue to apply if both of the following conditions are met:

  1. The use of the PHEV was exempt before 1 April 2025; and

  2. A financially binding commitment was made prior to 1 April 2025 to continue using the vehicle for private use beyond that date.

    Please note: Optional extensions to lease agreements are not considered binding commitments under ATO guidance.

To qualify for the electric vehicle (EV) discount, PHEVs must be delivered by midnight on 31 March 2025. Due to high demand and limited stock, some vehicles may not be delivered in time to meet this deadline. National Salary Packaging recommends confirming delivery timelines with suppliers before proceeding with your order.

Disclaimer:
This general information is provided by National Salary Packaging and does not take into account your personal circumstances. Before making any decisions, please consider whether this information is right for you and seek independent tax or financial advice where appropriate. Employers should independently assess whether salary packaging benefits are suitable for their organisation. Credit criteria, conditions, and fees apply to lease and loan products. Availability of benefits is subject to your employer’s approval.

The ATO has strict guidelines regarding the leasing of a vehicle, which involves a residual value at the end of the lease term. Upon reaching the end of the lease, you will have various options to conclude it. These options include paying the residual amount to own the car, refinancing the residual and extending the lease, selling the car, paying the residual and initiating a new lease, or trading the car in and starting a new lease. Our team will be available to discuss these choices with you.

Regrettably, it is not possible to fully enjoy the advantages of a novated lease without proper arrangement and management of the lease. However, we encourage you to contact us to discuss the optimal outcome for your situation.