05/05/2026
The government today announced some proposed updates to its EV Discount, to be rolled out in three phases.
Firstly, current settings will remain until 31 March 2027, meaning you can pay for an eligible EV with 100% before-tax dollars – up to the luxury car tax (LCT) threshold, which will remain at $91,387.
Secondly, from 1 April 2027, EVs priced below $75,000 will remain fully FBT-discounted, while those priced between $75,000 and the LCT threshold will be eligible for a 25% FBT discount.
Finally, from 1 April 2029, a 25% FBT discount will apply to all electric vehicles priced below the LCT threshold. This will remain the policy, with no end date.
This is great news for Australians wanting to drive cleaner cars for less.
The changes are subject to passing through Parliament. All existing arrangements will be honoured until the end of their lease period.
Learn more here: maxxia.co/EVreview