11/10/2026
The math behind the current EV tax incentives is getting harder to ignore.
A client of mine just took delivery of a brand-new Tesla this week to celebrate a successful settlement. It's always an awesome feeling helping a client secure their keys, and while the tech in these vehicles is incredibly impressive, what really stands out to me as a broker is the financial breakdown.
Right now, financing an eligible EV hits a rare financial trifecta for Australian businesses and salaried drivers:
1️⃣ The FBT Exemption: Eligible electric vehicles under the luxury car tax threshold can be 100% exempt from Fringe Benefits Tax. Utilizing a novated lease to pay for the vehicle and its running costs entirely with pre-tax dollars delivers massive tax savings.
2️⃣ Discounted Green Loan Rates: Lenders on our panel offer dedicated rate discounts specifically for electric and low-emission vehicles, lowering your repayments below standard car finance.
3️⃣ Slashing Running Costs: Swapping the petrol station for a home or office charger slashes day-to-day running costs down to cents on the dollar.
Whether you are looking at a Tesla or any other eligible model, the real cost of ownership under these current incentive structures can be far lower than the showroom sticker suggests.
If you're planning your next daily drive or updating a company vehicle, don’t sign standard dealership finance without comparing your options first. Drop a comment below or send a DM to see how the numbers stack up for you.
