Cheaper electric cars, hybrids after Greens, Pocock strike deal

A federal law to cut the price of electric vehicles is one step closer after the Greens and crossbenchers reached a deal with Labor on Tuesday morning to pass the changes within two weeks.

There could be a discount of up to $9000 for staffers buying EVs as part of their salary package once the bill passes.Senate independent David Pocock will also back the bill after negotiating a sunset clause with the government to stop the benefits for plug-in hybrid vehicles in 2025 and focus the incentives on electric vehicles.

Labor unveiled the plan on May 1 during the election campaign and cited estimates from the Electric Vehicle Council that a $50,000 model such as the Nissan Leaf would be at least $2000 cheaper under changes if import tariffs were removed. It estimated the FBT exemption would save employers up to $9000 a year on vehicle costs.

The government stuck to its position on this even though the Parliamentary Budget Office found that carving out the plug-in hybrid vehicles would save $1 billion over a decade.

CroweDM What type of energy recharges the battery?

CroweDM wot about free electric cars and gas stations turned into day care for pets

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Cheaper electric cars, hybrids after Greens, Pocock strike dealGreens leader Adam Bandt struck a compromise with the government to accept parts of the scheme that offer tax breaks to plug-in hybrid vehicles as well as electric vehicles. CroweDM Tax breaks are for those with taxable income only,mind you.The higher the income the higher the tax rebate windfall. The wealthy already buying Tesla's in last 3 years.
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