electric cars Archives · Australian Loans Group

Sharp Fall in PHEV Sales

Posted on 19/06/202513/06/2025 by Laze Spasevski

A change to fringe benefits tax rules has triggered a sharp fall in plug-in hybrid electric vehicle (PHEV) sales, according to new industry figures. The Federal Chamber of Automotive Industries (FCAI) reported that just 2,601 PHEVs were sold in April 2025. This figure accounts for 2.9% of all new car sales – well below the 4.7% average over the previous 12 months. The drop came after the go...
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Electric Vehicles Cheaper Are Now Cheaper

Posted on 05/02/202306/02/2023 by Laze Spasevski

Electric Vehicles are now cheaper after the federal government has passed the Electric Car Discount Bill through parliament. The bill removes the 5% import tariff for zero- and low-emission vehicles that are beneath the Luxury Car Tax Threshold ($84,916). The bill also provides a fringe benefits tax (FBT) exemption for eligible cars made available for employees by employers. For a veh...
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Automotive Bodies to Electrify Vehicles

Posted on 23/09/202207/09/2022 by Laze Spasevski

In a development that will delight many, Australia's peak national and state automotive bodies have reached agreement about how to electrify the country's fleet of cars, trucks and other vehicles. The organizations agreed to a series of principles, including: Embracing the electrification of the Australian motor vehicle fleet Maintaining the repair and efficiency of the legacy inter...
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