Analysis
Government introduces legislation to encourage electric vehicle adoption – 27 July 2022
Tax insights
On 27 July the Government introduced legislation1 to exempt from fringe benefits tax, the use, or availability for use of certain cars that are zero or low emissions vehicles.
On 18 July the Minister for Home Affairs made a Notice of Intention to Propose Customs Tariff Alterations (No. 6) 2022 to advise that the Government would be reducing the rate of customs duty to zero, for certain electric vehicles.
Both of these measures are key platforms that the Labor party took to the 2022 Federal Election to promote electric vehicle adoption.
1. Treasury Laws Amendment (Electric Car Discount) Bill 2022
