2022 NEW LABOR GOVERNMENT PROMISES ELECTRIC CAR DISCOUNT AUSTRALIA

EV Channels Review

This video discusses the Australian Labor government's proposed electric vehicle (EV) discount policy, focusing on import tariff and fringe benefits tax (FBT) exemptions. While the import tariff exemption is presented as a potential saving of up to $2,000 on a $50,000 car, the analysis reveals this benefit may be minimal for many EVs due to existing free trade agreements with key manufacturing countries like China, Korea, and Japan. The FBT exemption, however, is highlighted as a significant game-changer, particularly for fleet sales and salary-sacrificing arrangements. This exemption is expected to make EVs substantially more attractive and cost-effective for businesses and employees, potentially accelerating EV adoption in the corporate sector. The discussion also touches upon the broader EV ecosystem, including charging infrastructure, V2G technology, battery resources, and comparisons with hybrid vehicles, emphasizing the need for improved public charging and the potential for EVs to become cheaper than comparable hybrids over time.