EVs pick up speed
Electric vehicles are the minnows of the new car industry in Australia, but they’re fast becoming the main game. In the first six months of 2022, EVs made up almost 2% of the market, but that’s expected to rise significantly in the second half of the year.
The increased interest is set to ramp up following the newly elected Labor government’s move to introduce a bill that exempts those driving electric cars below the luxury car tax threshold ($84,916) from fringe benefits tax. There are potentially big savings.
It comes off the back of the ACT’s move to ban the sale of new petrol and diesel vehicles by 2035, something the head of the Electric Vehicle Council, Behyad
