Image: Drive
Image: Drive
AutoExec Summary
Sales of plug-in hybrids (PHEVs) are rapidly increasing in Australia, with deliveries more than doubling so far this year. However, a tax exemption that has boosted interest in PHEVs will be eliminated by April 2025. Novated-lease customers can currently receive an exemption on Fringe Benefits Tax for PHEVs priced below the Luxury Car Tax threshold. Despite not being as popular as conventional hybrid or electric cars, PHEVs are growing faster. The Mitsubishi Outlander remains the top-selling PHEV, followed by the Eclipse Cross and Mazda CX-60. However, not all models are experiencing positive sales, with some experiencing significant declines.
Brands mentioned: Mitsubishi, Mazda, MG, BYD, Volvo, BMW, Kia, Mini.
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