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Eligible Battery Electric Vehicles(BEV) for FBT Exemption 2023

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The Australian government has introduced (Electric Car Discount Bill 2022) a Fringe Benefits Tax (FBT) exemption for eligible zero or low-emission electric cars and associated car expenses. This exemption provides a unique opportunity for both employers and employees to reduce their tax burden while contributing to a cleaner environment. However, it’s crucial to understand which Electric Car qualify for this FBT exemption before making a purchase or entering into a salary packaging arrangement.

In this article, we will provide you with a comprehensive list of eligible BEVs only (Excludes Plug-in hybrids & hydron fuel cells Vehicles) that meet the criteria for FBT exemption, ensuring you make an informed and tax-savvy choice.

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To be eligible for FBT exemption following conditions need to be met:

  1. The Electric car is a zero or low-emissions vehicle
  2. The first time the car is both held and used is on or after 1 July 2022.
  3. the car is used by a current employee or their associates (such as family members)
  4. It has never been necessary to pay the luxury car tax (LCT) when importing or selling an electric car.

 

Eligible List of BEVs for FBT Exemption

Based on the above conditions given lists of Battery Electric Vehicles are eligible for  FBT exemption in Australia as of 20th June 2023.

 

 

BEVs Model Price Battery Size
BYD Atto 3 $48,011 (Superior Standard Range), $51,011 (Superior Extended Range) 50.1 kWh (Standard Range), 60.4 kWh (Extended Range)
Cupra Born $59,990 82 kWh
Hyundai Ioniq 5 $69,990 Ioniq 5 Dynamiq (two-wheel-drive), $77,500 Ioniq 5 Techniq (four-wheel-drive) 72.6 kWh
Hyundai Kona Electric $54,500 (Elite Standard Range), $58,000 (Highlander Standard Range), $60,500 (Elite Extended Range), $64,000 (Highlander Extended Range) 39.2 kWh (Standard Range), 64 kWh (Extended Range)
Hyundai Ioniq 6 $74,000 (Dynamiq), $83,500 (Techniq) 77.4 kWh
Kia EV6 Air (RWD) $72,590 77.4 kWh
Kia EV6 GT-Line RWD $79,590 77.4 kWh
Kia Niro Electric S $65,300 64.8 kWh
Kia Niro Electric GT-Line $72,100 64.8 kWh
Lexus UX300e $79,990 72.8 kWh
Mazda MX-30 $65,490 35.5 kWh
MG ZS EV Excite $43,990 51 kWh
MG ZS EV Essence Long Range $55,990 72.6 kWh
Mini Cooper SE $55,650 32.6 kWh
Nissan Leaf $50,990 40 kWh
Nissan Leaf e+ $61,490 62 kWh
Polestar 2 Polestar 2 standard range from $63,900, Polestar 2 Long range from $68,400 & Polestar 2 Long Range Dual Motor from $73,400 69 kWh (Standard Range), 78 kWh (Long Range)
Tesla Model 3 Model 3 Standard Range: $65,500, Model 3 Long Range: $80,102 62.3 kWh (Standard Range), 82 kWh (Long Range)
Tesla Model Y Model Y Rear-Wheel Drive: $68,900, Model Y Long Range All-Wheel Drive: $81,900 60 kWh (RWD), 79 kWh (AWD)
Volvo C40 Recharge $78,990 69 kWh
Volvo XC40 Recharge Pure Electric XC40 Recharge Pure Electric Single Motor: $78,990, XC40 Recharge Pure Electric Dual Motor: $79,990 69 kWh (Single Motor), 78 kWh (Dual Motor)

Please note that the following data is for the financial year 2022/23, and the prices mentioned above are subject to change. All prices listed are the manufacturer’s suggested retail price (MSRP) and do not include on-road costs (unless stated otherwise). Please be aware that these prices may vary between states.

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