EV Surge is likely after a Labor win in Australia

Saturday, May 21 saw a Labor Party win in Australian federal politics. For over 10 years, the Liberal federal government has denied climate change and slowed the transition to renewable energy. Labor proposes exempting EVs from the 5% import tax and the 47% fringe benefits tax (a similar move to the UK government). The Australian Electric Vehicle Council estimates that a AUD$50,000 model (such as the Nissan Leaf) will be more than $2,000 cheaper as a result of removing the import tariff. If a $50,000 model is provided through employment arrangements, Labor’s fringe benefits tax exemption will save employers up to $9,000 a year.




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