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Thursday, 02 May 2024
Embracing hybrid vehicles
MOTORISTS in outer suburban areas are embracing the federal government’s discount for electric and plug-in hybrid vehicles, per latest data from NALSPA. Suburbs like Werribee, Tarneit, Kellyville, Riverstone, and Baulkham Hills rank among top ten for novated leases of BEVs/PHEVs since the discount started. EV uptake spiked after the government applied the EV fringe benefit tax exemption in July 2022. NALSPA estimates over 40% of new BEVs/PHEVs are bought through novated leases. The discount makes EVs financially viable, particularly for everyday Australians. PHEVs are popular as a transitional choice
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Michael Walls
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