The Federal Government has confirmed the current EV FBT exemption will remain in place until 31 March 2027, before it begins to be phased out.
This gives you time to unlock significant tax savings through a Paywise EV Novated Lease and reduce the cost of getting into a new car.
Timing matters – to secure the full benefit, your EV must be delivered before 31 March 2027.
Why consider an EV now?
- Potential tax savings with the EV FBT exemption
- Lower running costs compared to petrol vehicles
- Convenient home charging options
- Reduced servicing and maintenance costs
Drive an EV from as little as $145 per week!
With an EV novated lease from Paywise, you can now save thousands. Aside from our all-inclusive electric vehicle lease packages which cover finance, insurance, servicing, and tyres (plus much more!). There’s never been a better time to choose.
Here are some indicative examples of costs and savings of some EV models. Our novated lease packages include vehicle finance, registration, insurance, servicing, tyres and vehicle charging.
BMW i4
EV
SUV
From only $345 per week
Estimated Tax Savings $42,510
EV FBT Exempt
Based on $90k income, 15,000km/year, 5 year lease in ACT.
BYD Atto 2
EV
SUV
From only $166 per week
Estimated Tax Savings $20,325
EV FBT Exempt
$2,000 Cashback
Based on $90k income, 15,000km/year, 5 year lease in ACT.
BYD Atto 3
EV
SUV
From only $171 per week
Estimated Tax Savings $20,971
EV FBT Exempt
Based on $90k income, 15,000km/year, 5 year lease in ACT.
BYD Dolphin
EV
Hatchback
From only $142 per week
Estimated Tax Savings $17,410
EV FBT Exempt
Based on $90k income, 15,000km/year, 5 year lease in ACT.
BYD Sealion 7
EV
SUV
From only $219 per week
Estimated Tax Savings $26,798
EV FBT Exempt
Free on-road costs
Based on $90k income, 15,000km/year, 5 year lease in ACT.
Hyundai Elexio
EV
SUV
From only $221 per week
Estimated Tax Savings $27,038
EV FBT Exempt
Based on $90k income, 15,000km/year, 5 year lease in ACT.
Hyundai Kona
EV
SUV
From only $210 per week
Estimated Tax Savings $25,725
EV FBT Exempt
Based on $90k income, 15,000km/year, 5 year lease in ACT.
Jaecoo J5
EV
SUV
From only $165 per week
Estimated Tax Savings $20,248
EV FBT Exempt
Based on $90k income, 15,000km/year, 5 year lease in ACT.
Kia EV3 Air
EV
SUV
From only $192 per week
Estimated Tax Savings $23,517
EV FBT Exempt
Based on $90k income, 15,000km/year, 5 year lease in ACT.
Kia EV5 Air
EV
SUV
From only $218 per week
Estimated Tax Savings $26,650
EV FBT Exempt
Based on $90k income, 15,000km/year, 5 year lease in ACT.
Mercedes-Benz CLA
EV
Sedan
From only $258 per week
Estimated Tax Savings $31,522
EV FBT Exempt
Based on $90k income, 15,000km/year, 5 year lease in ACT.
Car Image
Mercedes-Benz EQA
EV
Sedan
From only $335 per week
Estimated Tax Savings $41,180
EV FBT Exempt
Complimentary Heads-Up and Leather
Savings
Based on $90k income, 15,000km/year, 5 year lease in ACT.
Tesla Model 3
EV
Sedan
From only $226 per week
Estimated Tax Savings $27,629
EV FBT Exempt
Based on $90k income, 15,000km/year, 5 year lease in ACT.
Tesla Model Y
EV
Sedan
From only $265 per week
Estimated Tax Savings $32,430
EV FBT Exempt
Based on $90k income, 15,000km/year, 5 year lease in ACT.
Toyota HiLux BEV
EV
Ute
From only $280 per week
Estimated Tax Savings $34,278
EV FBT Exempt
Based on $90k income, 15,000km/year, 5 year lease in ACT.
Zeekr 7X
EV
SUV
From only $224 per week
Estimated Tax Savings $27,448
EV FBT Exempt
Based on $90k income, 15,000km/year, 5 year lease in ACT.
Costs and tax savings shown are estimates based on salary packaging a vehicle under a novated lease over five years, driving 15,000km per year, an annual income of $90,000, and a vehicle located in ACT. Weekly costs shown represent the estimated net impact on after-tax salary. Tax savings represent estimated income tax savings over the lease term. These estimates are based on current tax rates and assumptions and will vary depending on individual circumstances, vehicle selection, usage, and market conditions. Final figures will be confirmed in your personalised quote. If your income, employment circumstances, or usage changes during the lease term, these estimates will also change. Costs shown for vehicle-specific offers are based on the entry-level variant of the advertised model unless otherwise stated. Images are for illustrative purposes only.
Before making a decision, you should consult your independent legal, taxation and financial advisor for advice relating to your personal circumstances. Finance is available to approved applicants only. Terms, conditions, eligibility criteria and fees and charges apply.
Already an EV Driver?
If you already have a Novated Lease on an Electric Vehicle with Paywise, visit our EV Drivers page to make the most of your lease. You’ll find everything you need, from claiming charging costs to managing your lease budget via the app, plus information on insurance, maintenance, FAQs, and more.
Get in touch about an electric vehicle!
If you’ve been thinking about making the change to an electric vehicle, a novated lease from Paywise is a smart choice. Whether you’re wanting to find out if you’re eligible, or need more information on how much you can save by making the switch to an EV with a novated lease, we’re here to help.
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