<
https://theconversation.com/why-labors-new-tax-cut-on-electric-vehicles-wont-help-you-buy-one-anytime-soon-187847>
"The Albanese government has introduced tax cuts to electric vehicles in its
first sitting week, claiming the proposed changes would be “good for motorists,
good for climate action and good for fleet purchases”. They won’t, however,
help most Australians afford one.
Labor plans to stop the “fringe benefits tax” applying to electric vehicles.
This tax usually applies to all cars provided by an employer to an employee,
either as part of a salary sacrifice arrangement or as a company car available
for personal use. This means the winners of the tax change are high-end
employees who can afford a high-priced electric vehicle such as a Tesla.
Rolling business fleets over to the secondhand market is an important way to
make electric vehicles more affordable to everyday people. But this tax cut
won’t see this happen anytime soon.
Our recent report recommends a suite of other tax changes to lower electric
vehicle prices and ownership costs. Australia can’t meet its target of 89% new
car sales being electric by 2030 without significantly reforming the transport
sector. Labor’s new tax cut is a far cry from what’s needed."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
