Electric Vehicles – a tax effective choice
Are you considering upgrading your vehicle? Have you explored the benefits of electric vehicles (EVs)?
The Government’s incentive for consumers to consider electric vehicles heralds a new era of affordability and sustainability in vehicle choices, delivering attractive tax benefits.
Under new regulations, employees can take advantage of packaging up the acquisition and running costs of an EV, all while sidestepping any FBT charges on personal use. This shift means that opting for an electric vehicle becomes a more tax-efficient choice compared to a fossil fuel vehicle of the equivalent price.
O’Brien’s Principal, Chris Mullins, shares the four key eligibility criteria and why the purchase of an EV may be a tax efficient choice.
Please contact us if you would like to explore how the purchase of an EV may be a tax effective choice for you.
Video transcript
Chris Mullins: