Australian Labor Government Extends EV Tax Break

The Australian Labor government has extended its electric vehicle (EV) tax break for another year to promote cheaper EVs amidst rising fuel prices. After this period, the discount will apply only to EVs costing less than $75,000.

4 May, 12:30 — 4 May, 12:30

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The GuardianMostly Factual128d ago

Labor extends EV tax break to encourage cheaper vehicles amid soaring fuel prices

As the cost of the scheme blows out, the government has announced the full discount will be retained for another year, after which it will only apply to EVs costing less than $75,000 Get our breaking news email, free app or daily news podcast Labor has opted to retain its electric vehicle discount in full for another year, as Australians rush to buy EVs amid soaring fuel costs linked to the Iran war. But the budget next Tuesday will include a number of “sensible changes” that wind back the ...

By Patrick Commins Economics editor

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Australian Labor Government Extends EV Tax Break

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Labor extends EV tax break to encourage cheaper vehicles amid soaring fuel prices

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