Tag Archives: EV

FBT electric vehicle home charging rate

Since the introduction of EV incentives by various state governments to encourage the uptake of EVs and other zero emissions vehicles, the market share of EVs has significantly increased from around 0.78% in 2022 to 7.2% in 2023. According to the Federal Chamber of Automotive Industries, while EV sales only account for a small proportion...
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FBT reminder: electric cars exemption

https://www.youtube.com/watch?v=e6e2BG77uWM For the 2022-23 FBT year (1 April 2022 to 31 March 2023), your business may be able to receive an FBT exemption for certain eligible electric cars and associated car expenses which could lower the tax bill. There are a few hurdles to jump over regarding eligibility, including the type of car, the cost, and...
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