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Australia’s electric car tax break, boosting EV adoption and savings, faces review amid $1.35B annual cost concerns.
Australia's Electric Car Discount, launched in 2022 to reduce electric vehicle costs by eliminating fringe benefits tax, has driven over 105,000 adopters—tripling initial projections—spurring a growing second-hand market and helping long-commute workers save thousands annually.
The policy, which applies to vehicles under $91,387 and accessed via salary packaging, now faces a statutory review due to projected annual costs of $1.35 billion.
Experts warn cutting the discount could slow progress toward the nation’s 2035 emissions targets, citing international examples where similar rollbacks stalled EV adoption.
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La exención de impuestos de automóviles eléctricos de Australia, que impulsa la adopción y el ahorro de EV, se enfrenta a una revisión en medio de preocupaciones de costos anuales de $ 1.35B.