NOVATED LEASE: EVERY EV & PHEV ELIGIBLE FOR ZERO FRINGE BENEFITS TAX

EV Channels Review

This video provides a comprehensive overview of electric and plug-in hybrid vehicles eligible for Australia's zero Fringe Benefits Tax (FBT) incentive for novated leases. John Cadogan meticulously lists 30 qualifying models, detailing their battery capacities and offering brief insights into their pros and cons. He emphasizes the importance of staying under the $84,916 price cap, warning that exceeding it by even a dollar disqualifies the vehicle from the FBT exemption. Cadogan highlights emerging brands like BYD and Cupra, cautioning about long-term support and reliability, while also discussing established brands like Hyundai, Kia, and Mitsubishi, noting their strengths and weaknesses. The review is particularly critical of brands with perceived poor customer support or complex commercial models, such as Ford and Mercedes-Benz. The video serves as a valuable, albeit detailed, guide for consumers navigating the complexities of novated leasing and eco-car incentives in Australia.