New bill to make EVs cheaper, with PHEVs given discount sunset clause

AutoExec Summary
The Electric Car Discount Bill has been passed by the Australian federal parliament, providing nationwide assistance for the purchase of plug-in electric vehicles. The bill exempts EVs from fringe benefits tax (FBT), resulting in a significant price reduction for some employers and employees who salary sacrifice. A late amendment to the bill means plug-in hybrid discounts end on April 1 2025. The federal government has also agreed to prioritize the purchase of pure EVs over PHEVs or orthodox ICE vehicles for its own fleet wherever possible. The bill is expected to have a substantial but not fundamental impact on EV sales.
Brands mentioned: Toyota