Sep 2, 2026 – 5.00amNovated leases, once viewed as a niche corporate perk, are booming. Tax incentives have made electric vehicles (EVs) on a novated lease dramatically cheaper than petrol cars.But the government’s generosity is expiring. Introduced in 2022 to energise a sluggish EV market, the incentives worked too well and are being phased out over the next three years.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Rebecca PikeWealth reporterRebecca Pike is a wealth reporter at The Australian Financial ReviewFetching latest articles
The EV tax break is ending: here’s how to save on a new car
Drivers eyeing a mid- to high-end electric vehicle face a shrinking timeline to lock in five years of pre-tax savings before delivery deadlines pass.
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