electric vehicles salary sacrifice

Salary sacrificing an electric vehicle in Australia is a clever little tax dodge, if you can swing it. Basically, you sacrifice a portion of your pre-tax salary to lease or buy an EV, which reduces your taxable income. The government’s love for green machines means you might enjoy fringe benefits tax (FBT) concessions under certain schemes, making it even sweeter.

Prices for new EVs range roughly from $40,000 to $150,000, depending on make and model, while used EVs, if you can find them, are cheaper but you’ll want to check battery health and warranty. Leasing through salary sacrifice can sometimes include maintenance and insurance, making life easier.

Check with your employer and ServiceCentral for specifics—conditions and benefits vary like a box of chocolates. And remember, this isn’t a free ride; there are caps and rules to navigate.