The Age
·general
·1 hour ago
EV tax breaks to be slashed from April next year
Australia will phase out generous electric vehicle tax breaks from April 2027, saving the government $1.7 billion over five years. The fringe benefits tax waiver will be restricted to vehicles costing $75,000 or less, up from the current $91,387 threshold. Energy Minister Chris Bowen said the change reflects increased EV affordability, with about 10 models now available under $40,000.
Summary by Glance · The Age
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