ELECTRIC VEHICLE NOVATED LEASING

Get the best price on an EV, it’s easi.

Go electric with an EV Novated Lease today and save heaps on your daily drive.

How Novated Leasing for electric vehicles works.

An Easi fully maintained Novated Lease means the electric vehicle you choose becomes part of your salary package.

You won’t need to worry about making regular payments because your employer will make them on your behalf from your pre-tax income. Using pre-tax dollars means you may be able to reduce your taxable income to end up even further ahead.

The running costs of an EV are already lower than most internal combustion engine (ICE) vehicles when accounting for ‘fuel’ costs and regular servicing. Furthermore, your Fully Maintained Novated Lease covers registration, comprehensive insurance, roadside assistance and more.

Check out the EV incentives in your state.

Different incentives are available by state/territory. Customers should confirm their own eligibility and be aware that government incentive programs are subject to funding limitations. Eligibility criteria may change at any time.

Check the incentives in my state/territory

AUSTRALIA-WIDE

Incentives & Exemptions

In Australia, fuel-efficient cars attract less Luxury Car Tax, which is levied at 33c on each dollar above a certain threshold. EVs that sit below the Luxury Car Tax (LCT) threshold – currently $89,332 for the 2023-24 financial year – are now exempt from the five per cent import tariff if affected.

This means that vehicles will be exempt from the 47 per cent fringe benefits tax if they’re provided through employment arrangements.

An EV through a Novated Lease can now save employers up to $9,000 a year on Fringe Benefits Tax for a start. The import tariff discount would make a $50,000 EV a further $2,000 cheaper.

ACT

Incentives & Exemptions

The ACT government offers a full stamp duty waiver on the purchase of new ZEVs – including demonstrator vehicles disposed of by a licensed vehicle dealer within one year of the date the vehicle was first registered in the ACT.

EV drivers will also enjoy two years’ free registration on an EV purchased between 24 May 2021 and before 30 June 2024.

More info: https://www.climatechoices.act.gov.au/transport-and-travel/cars-and-vehicles

QLD

Incentives & Exemptions

The Queensland government offers a rebate of $6000 for new Zero Emission Vehicles (battery and hydrogen cell) purchased for up to $68,000. It will be available for those earning up to a total gross household income of $180,000 per year.
Plug-in hybrid electric vehicles are not eligible for the $3,000 rebate.

Qld Gov also charges lower duties for EVs than fossil fuel vehicles: $2 per $100 up to $100,000 (dutiable value), and $4 per $100 value thereafter (around a third less in total than more polluting vehicles).

More info: https://www.qld.gov.au/transport/projects/electricvehicles/hitting-the-road

SA

Incentives & Exemptions

The SA government offers a three-year registration fee exemption for new EVs and Hydrogen Fuel Cell cars that are registered between 28 October 2021 and 30 June 2025.
Add to that a $3000 rebate for the first 7000 EVs sold from 28 October 2021 (valid on cars priced under $68,750). Visit the SA Gov website to see the number of subsidies remaining.

More info: https://www.treasury.sa.gov.au/Growing-South-Australia/incentives-for-electric-vehicles

TAS

Incentives & Exemptions

The Tasmanian government offers a stamp duty waiver for all new and pre-owned electric vehicles purchased July 1, 2021 to June 30, 2023, reducing the initial purchase costs of EVs and hydrogen fuel cell vehicles.

More info: https://www.dpac.tas.gov.au/divisions/climatechange/Climate_Change_Priorities/reducing_emissions/transport/supporting_electric_vehicle_update_-_fact_sheet

VIC

Incentives & Exemptions

The Victorian government currently offers a $3000 subsidy on ZEVs priced below $68,740 (before on-road costs). Released in rounds, the subsidy will apply to up to 4000 vehicles in the first round, with a total of 20,000 subsidies over the life of the scheme. You can check the remaining subsidies available via the link below.

All EVs receive a $100 annual discount on vehicle registration.

EVs are also exempt from the “luxury vehicle” rate of stamp duty.
More info: https://www.solar.vic.gov.au/zero-emissions-vehicle-subsidy

WA

Incentives & Exemptions

The Western Australian government offers a ZEV $3500 rebate for the first 10,000 EVs purchased for $70,000 or less (inc GST). This plan was announced on 10 May 2022 to run for up to three years or until places run out.

The rebate is available for demonstrator vehicles if they were registered on or after 10 May 2022, however, the rebate does not apply to used vehicles.

More info: https://www.transport.wa.gov.au/projects/zero-emission-vehicle-zev-rebate.asp

NT

Incentives & Exemptions

The NT government offers a stamp duty discount of up to $1500 on new and used EVs with a dutiable value of under $50,000 before 30 June 2027 – plus free registration for EVs over the same period.

The state government also launched the Electric Vehicle Charger (Residential and Business) Grants Scheme to encourage EV owners to buy and install EV chargers. As of July 1, 2022, there are 100 residential grants of $1000 and 80 business grants of $2500.

More info: https://dipl.nt.gov.au/strategies/electric-vehicle

NSW

Incentives & Exemptions

The NSW Government is currently offering a rebate of $3,000 for the first 25,000 new battery electric and hydrogen fuel cell vehicles purchased, with a dutiable value of less than $68,750. Stamp duty has also been abolished as part of this incentive to help boost the uptake of EVs in the state. The goal is to have EVs account for more than 50% of all car sales by 2030-31 in the state. This rebate can apply to any eligible vehicle purchased from September 1 2021.

The rebate currently does not apply for any vehicles procured under a novated leasing agreement. However, EVs procured under a novated lease in NSW are still exempt from FBT – select ‘Australia-Wide’ to learn more.

See what a novated lease on an EV can save you

Use our calculator

See what a novated lease on an EV can save you

Use our calculator

Go far with Novated Leasing for electric vehicles

Advanced battery technology and more investment in expanding charger networks have made ‘range anxiety’ a thing of the past.

EV makers usually state a model’s range from 300-500km on a full charge. For most drivers, daily travel habits aren’t anywhere close to that. Plus, for the majority of hours on any given day, cars are parked at work or at home. With companies and governments rolling out more fast-charging stations nationally, power is never too far away.

View Charger Map

Novated Lease Electric Vehicle Picks in Australia

We have direct access to an extensive range of car manufacturers and offer the best car deals with the best price guarantee. Browse some of our vehicles below. Can't find the car you like? Try our calculator at the button below!

Tesla Model 3

$210

Per Week
All inclusive!

BYD Atto 3

$185

Per Week
All inclusive!

MG ZS

$185

Per Week
All inclusive!

Mercedes-Benz EQ

$278

Per Week
All inclusive!

Tesla Model Y

$235

Per Week
All inclusive!

Polestar 2

$240

Per Week
All inclusive!

BYD Dolphin

$155

Per Week
All inclusive!

Tesla Model 3

$210

Per Week
All inclusive!

Tesla Model Y

$235

Per Week
All inclusive!

BYD Atto 3

$185

Per Week
All inclusive!

BYD Dolphin

$155

Per Week
All inclusive!

MG ZS

$185

Per Week
All inclusive!

MG MG4

$147

Per Week
All inclusive!

MG MG4

$200

Per Week
All inclusive!

MG HS

$200

Per Week
All inclusive!

Mercedes-Benz EQ

$278

Per Week
All inclusive!

Mercedes-Benz EQA250

$306

Per Week
All inclusive!

Polestar 2

$240

Per Week
All inclusive!

Mitsubishi Eclipse

$230

Per Week
All inclusive!

Mitsubishi Outlander

$300

Per Week
All inclusive!

Mitsubishi Eclipse

$177

Per Week
All inclusive!

Mitsubishi Outlander

$208

Per Week
All inclusive!

Cupra Born

$216

Per Week
All inclusive!

Cupra Leon

$231

Per Week
All inclusive!

Cupra Formentor

$231

Per Week
All inclusive!

Fiat 500e

$189

Per Week
All inclusive!

Ford Mustang

$292

Per Week
All inclusive!

Ford Escape

$200

Per Week
All inclusive!

GWM ORA

$155

Per Week
All inclusive!

Hyundai Ioniq 6

$303

Per Week
All inclusive!

Kia EV6

$0

Per Week
All inclusive!

Sorento Kia

$293

Per Week
All inclusive!

Kia Niro

$274

Per Week
All inclusive!

Lexus UX300e

$0

Per Week
All inclusive!

Mazda MX-30

$237

Per Week
All inclusive!

Mazda CX60

$270

Per Week
All inclusive!

Nissan Leaf

$185

Per Week
All inclusive!

Volvo EX30

$249

Per Week
All inclusive!

Volvo EX30 Ultra Twin-Motor Pure Electric

Volvo C40

$283

Per Week
All inclusive!

Use our Calculator

Benefits

Getting an EV Novated Lease in Australia

EV Novated Lease Benefit 1

Travel costs ~$4 per 100km

According to the Electric Vehicle Council the average electric vehicle (EV) costs around $10 less than an Internal Combustion Engine (ICE) per 100km. That said, depending on your usage, petrol prices and electricity rates, some EV drivers say they save around $35 on a comparative ‘full tank’. Those with solar systems or a Fully Maintained Novated Lease stand to save even further.

You can calculate your total cost of ownership for an EV here

EV Novated Lease Benefit 2

Save on servicing with a Novated Lease

Without the need for oil changes, an EV has lower maintenance costs. Annual servicing over a five-year period works out to be ~40% cheaper than a comparative ICE car. While EVs still require regular maintenance for brakes (pads, discs, fluids), suspension, wheel alignment and balancing plus an annual road checkup, they have fewer belts and no sparkplugs, fuel or air filters. There’s also no need for exhaust pipes, catalytic converters and other emission reduction devices.

EV Novated Lease Benefit 3

An almost silent engine and fewer vibrations

If you haven’t had the chance to test drive an EV in Australia yet, one of the most delightful aspects is the quietness in the cab. Listening to podcasts, music or map directions is blissfully clear thanks to the minimal engine noise and chassis designs that reduce road noise and turbulence.

EV Novated Lease Benefit 4

Reduce driving emissions

EVs are environmentally friendly, emitting no pollutants from the tailpipe and helping reduce greenhouse gas emissions. You can save even more with a home solar array and/or solar battery array, with some or all your charging energy coming from the sun.

EV Novated Lease Benefit 5

Charge at home and on the go

Across any 24-hour period the vast majority of passenger vehicles are actually stationary: parked at work or in the garage at home. But even on those occasions where you’re travelling for prolonged stretches, more and more charging stations are popping up across Australia.

Travel costs ~$4 per 100km

According to the Electric Vehicle Council the average electric vehicle (EV) costs around $10 less than an Internal Combustion Engine (ICE) per 100km. That said, depending on your usage, petrol prices and electricity rates, some EV drivers say they save around $35 on a comparative ‘full tank’. Those with solar systems or a Fully Maintained Novated Lease stand to save even further.

You can calculate your total cost of ownership for an EV here

Save on servicing with a Novated Lease

Without the need for oil changes, an EV has lower maintenance costs. Annual servicing over a five-year period works out to be ~40% cheaper than a comparative ICE car. While EVs still require regular maintenance for brakes (pads, discs, fluids), suspension, wheel alignment and balancing plus an annual road checkup, they have fewer belts and no sparkplugs, fuel or air filters. There’s also no need for exhaust pipes, catalytic converters and other emission reduction devices.

An almost silent engine and fewer vibrations

If you haven’t had the chance to test drive an EV in Australia yet, one of the most delightful aspects is the quietness in the cab. Listening to podcasts, music or map directions is blissfully clear thanks to the minimal engine noise and chassis designs that reduce road noise and turbulence.

Reduce driving emissions

EVs are environmentally friendly, emitting no pollutants from the tailpipe and helping reduce greenhouse gas emissions. You can save even more with a home solar array and/or solar battery array, with some or all your charging energy coming from the sun.

Charge at home and on the go

Across any 24-hour period the vast majority of passenger vehicles are actually stationary: parked at work or in the garage at home. But even on those occasions where you’re travelling for prolonged stretches, more and more charging stations are popping up across Australia.

Novated Leasing EV FAQs

How long do batteries last on EVs?

Most EV batteries are under warranty for 8 years or 240,000km.

It’s worth noting that vehicles usually have another 12 Volt battery to power elements like the electric windows and multimedia systems, which may need replacement more frequently.

Can I get an EV with a Novated Lease?

Yes, you can with Easi. You can novate an electric vehicle and save money on expenses such as rego, comp insurance, servicing, tyres, roadside assistance and car washing.

HEV,PHEV, BEV, what does it mean?

There are three main types of EVs: Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs) and Hybrid Electric Vehicles. A BEV such as the Tesla Model 3 doesn’t have any fuel engine parts and is powered solely by an electric battery. A Mitsubishi Outlander is an example of a PHEV, which comes with a fuel tank and a charging port. PHEVs are similar to HEVs, except they have an electric motor and a bigger battery. HEVs like the Toyota RAV4 Hybrid use an electric motor to assist fuel-powered engines. They’re low-emission vehicles that gain their energy from petrol.

Can I claim electricity costs in a novated lease?

Yes you can, you must be able to demonstrate specifically how much energy and the cost of the energy is going towards charging your EV. This can be either obtained through a separate smart meter installed in your home, or by purchasing a fast, in-home charger with the metering included within it. The ATO requires substantiation in the form of a receipt or invoice. You can claim your electricity costs when using a public EV charging station as well with substantiation.

Ready to save thousands with an EV Novated Lease? Get in Touch

Enter your details below and an Easi team member will reach out by your preferred method.