According to research undertaken by Deloitte in 2022, more than half of Australians say they’re considering an EV as their next car, with vehicle costs and access to charging points as their key considerations. Whether you’re driven by concern for the planet or the extraordinary technology that powers EVs, we can help transition your employees and your fleet into an EV. And with more federal support becoming available such as the Electric Car Discount Policy, there's even more incentive to get an EV.
The Electric Car Fringe Benefits Tax Exemption legislation was introduced in November 2022, meaning any eligible new EVs purchased after 1 July 2022 or second-hand EVs first registered after the same date are completely exempt from the applicable Fringe Benefits Tax (FBT). Any import tariffs are also fully waived, making EVs more affordable to own.
These discounts are available to the following types of EVs below the luxury car tax threshold ($89,332 in FY2023-2024), purchased through a novated lease arrangement:
Battery Electric Vehicles;
Hydrogen Fuel Cell Electric Vehicles
Plug-in Hybrid Electric Vehicles (exemption will end on April 1st 2025, with exemptions being applied for existing leases until they expire)
Depending on the car and model of the EV, your employees may be able to save a significant amount of money by salary packaging their EV through a novated lease, with savings adding up year on year.
Salary packaging a car provides the most cost-effective and convenient way to own and run an EV. We can help you get into the right EV and take advantage of the Federal Government’s extensive incentives available for EV purchases through a novated lease or managed fleet arrangement.
Our team has comprehensive EV product knowledge, and we aim to make it simple and easy for your employees to understand the key aspects of transitioning to an EV and the benefits of salary packaging an EV with us.
Our market-leading Novated Leasing Calculator helps our customers to compare the costs and benefits of specific EVs, Hybrid and traditional petrol vehicles to decide which is right for them.
Fully FBT exempt under the Federal Government's Electric Car Discount Policy, pay no GST on the purchase price or running costs and save more than 30% by salary packaging charging costs, maintenance, insurance, registration and tyres.
We can help you save a significant amount on the cost of your new EV and help you get into your EV of choice sooner.
Through our nationwide network of over 740 dealers and strong relationships with EV manufacturers, we source thousands of vehicles for our customers with minimal fuss and wait times. We have huge buying power to negotiate the best possible price for your new EV. In addition, these relationships also give us valuable insight into the current EV market in Australia, helping us manage timelines and supply better.
We can arrange home charging units and RFID cards for access to a wide network of charging stations and more.
We’ll organise the ordering and delivery of the EV. And if your employees need to sell their existing cars, we can help them with that too through our convenient Vehicle Disposal Program.
Contribute to a greener future by electrifying your fleet. Using a variety of tools such as telematics, the use of pool cars and safety programs, we can help take the performance of your fleet to the next level and help reach your sustainability goals by reducing your fleet’s overall emissions. This can be achieved by implementing a combination of initiatives such as efficient vehicle utilisation, car sharing, pool bookings and a transition of your fleet towards EVs.
Depending on your business needs, our team may suggest one or more of these solutions that are fit for the purpose. Smartfleet helps fleets achieve a seamless transition towards a more sustainable outcome through these steps:
Agreement and rollout of a transition plan
Data analysis (understanding your fleet usage)
Providing support and education around charging infrastructure
Deliver ongoing driver training and education and monitor the effectiveness of transition
Understanding the appropriate vehicle mix and coming up with a fit-for-purpose replacement strategy