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flag Australia ends tax exemption for novated lease PHEVs on April 1, 2025, with strict criteria for new vehicles.

flag In 2025, Australia ends the Fringe Benefits Tax (FBT) exemption for novated lease Plug-in Hybrid Electric Vehicles (PHEVs) on April 1. flag To qualify, new PHEVs must cost under $91,387 and have a fuel efficiency of 7.0L/100km or less. flag Recommended PHEVs include the Ford Ranger, BYD Sealion 6, and Mitsubishi Outlander PHEV, with the BYD Sealion 6 being particularly affordable and efficient. flag Buyers are urged to act quickly to take advantage of the tax benefits.

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