Australian federal Treasurer Jim Chalmers hopes to introduce a swathe of tax incentives—similar to some state governments—to help spur electric vehicle (EVs) sales in the country.
It comes as the Labor Party puts forward legislation on the first day of Parliament, July 27, to enshrine a hard emissions reduction target of 43 percent by 2030.
Under the Treasury Laws Amendment (Electric Car Discount) Bill 2022, employers would not need to pay fringe benefits tax on EVs provided to their workers and could also pay less tax on salary sacrifice arrangements that involve leasing EVs.
The treasurer estimated employers could save around $9,000 a year if they were to provide a $50,000 EV to a worker. While an individual could save $4,700….