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Electric Vehicles: Smart For Your wallet. Smarter For The Planet.

There’s never been a better time to lease an electric vehicle, especially with the Fringe Benefits Tax (FBT) exemption making EVs significantly more affordable under a Novated Lease. With the automotive industry moving rapidly toward an electric future, the Federal Government’s Electric Car Discount policy, introduced in July 2022, offers a compelling opportunity for eligible drivers to save thousands.
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If you have questions or you’re ready to find your electric vehicle, share a few simple details below and one of our leasing experts will be in touch soon.

Important Update: changes to PHEVs from April 2025

From 1 April 2025, plug-in hybrid vehicles (PHEVs) will no longer be considered zero- or low-emissions vehicles under the FBT exemption. However, fully electric vehicles (EVs) will continue to qualify until 30 June 2027.

If you’re considering a PHEV, now’s the time to act. Vehicles leased before April 2025 will retain their FBT exemption for the life of the lease – so you can lock in the benefit now and continue to save.

Why Lease An EV Through SupaLease?

With over 23 years of experience in vehicle leasing and fleet solutions, we understand the needs of small businesses. Our process is designed to be simple, supportive and stress-free from day one to lease return. If you’re eligible, electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs)* are 100% exempt from FBT when packaged through a Novated Lease, meaning you can pay for the car and running costs using your pre-tax income. That’s a serious saving over traditional car financing.

Not only are you reducing your carbon footprint, but you’re also taking home more of your salary.

The benefits of leasing an EV through SupaLease

No Fringe Benefits Tax (FBT)
Save thousands thanks to the government’s EV tax incentive

Pre-tax salary deductions
Pay for your lease and running costs using pre-tax income

Instant savings
Lower upfront and ongoing costs compared to buying outright or traditional finance

Eco-friendly
Reduce your carbon emissions and contribute to a cleaner future

Simple running costs
Electricity is often cheaper than petrol, and EVs have fewer moving parts to maintain

Tailored support
Our team guides you every step of the way with personalised, fuss-free service

Lock in savings
Secure the FBT exemption for the life of your lease when you act before key cut-off dates

Example: How much could you save with an EV Novated Lease

Term’s & Conditions:
Indicative calculations based on a Novated Lease over a 4 year term with 38% balloon. Annual employee salary based in NSW is based on $135k with an estimated 12,580 km pa. Monthly repayments represent the amount the employee’s monthly salary will be reduced each month to pay for the Novated Lease. Inclusions: service, maintenance, tyres, rego, roadside, insurance, management and fuel (if required). Vehicle prices are subject to change but calculations are accurate as at 27/08/24.

Frequently Asked Questions

What types of electric vehicles are eligible for the FBT exemption?
Fully electric vehicles (EVs) and eligible plug-in hybrid electric vehicles (PHEVs) are currently exempt from Fringe Benefits Tax when leased through a novated lease, as long as the vehicle falls under the luxury car tax threshold for fuel-efficient vehicles.
If your novated lease is set up before 1 April 2025, and the vehicle is eligible, the FBT exemption applies for the full lease term, even beyond that date. From 1 April 2025, plug-in hybrids will no longer be eligible, but fully electric vehicles will continue to receive the exemption until at least 30 June 2027.
Savings can vary depending on your salary and the vehicle you choose, but many of our customers save tens of thousands of dollars over the life of their lease thanks to the FBT exemption and pre-tax salary packaging.
For many people, leasing an EV through a novated lease is far more cost-effective than buying outright or using a car loan, thanks to the tax savings, bundled running costs, and flexible upgrade options. We’ll help you weigh up the best option based on your needs.
We package everything into a single, easy payment:
– Vehicle finance
– Charging and electricity costs
– Insurance
– Registration and servicing
– Tyres and roadside assistance

That means no surprise bills and less admin for you.

Find the right lease for your business

We’re here to help – book a chat with one of our friendly leasing experts today.
SPEAK TO AN EXPERT
  • Or call us on
  • 1300 NOVATE

Find the right lease for your business

We’re here to help – book a chat with one of our friendly leasing experts today.
SPEAK TO AN EXPERT
  • Or call us on
  • 1300 NOVATE