Powering Australia - amendment to the Electric Car Discount

The Government will sunset the eligibility of plug-in hybrid electric cars from the fringe benefits tax exemption for eligible electric cars. This change will apply from 1 April 2025. Arrangements involving plug-in hybrid electric cars entered into between 1 July 2022 and 31 March 2025 remain eligible for the Electric Car Discount. This measure is estimated to increase receipts by $30.0 million and increase GST payments to the states and territories by $5.0 million over the 5 years from 2022-23. This measure relates to the 2022-23 October Budget measure titled Powering Australia - Electric Car Discount.