Drive Electric. Save on Tax. Go Further with an EV Novated Lease

Make the switch to electric – smarter for your wallet, better for the planet.

With a beCarWise EV Novated Lease, you can access government-backed tax exemptions,
unlock major salary sacrifice benefits, and enjoy the convenience of bundling all your car expenses
into one low weekly payment.

What is an EV Novated Lease?

A Novated Lease for Electric Vehicles is a three-way agreement between:

You (the employee) – selects the Electric Vehicle you want.
Your employer – deducts the Novated Lease payments from your salary.
beCarWise – manages the vehicle, payments, and ongoing support.

You pay for your car and running costs using pre-tax dollars – which means less tax, more take-home pay, and no GST on your EV Novated Lease.

EVs Are FBT Exempt – Here’s What That Means

As of July 2022, the Australian government has removed Fringe Benefits Tax (FBT) for eligible Electric Vehicles when leased through a novated arrangement.

FBT exemption criteria (2024–25):

Battery Electric Vehicles (BEVs) or Hydrogen Fuel Cell EVs
First owned and used after 1 July 2022
Retail price under $91,661 (Luxury Car Tax threshold for fuel-efficient vehicles)
Includes second-hand EVs that meet the above date/price requirement

This exemption could save you thousands of dollars per year in tax – and it’s available until mid-2027 under current legislation. By salary packaging an electric car with beCarWise, you will be able to save Fringe Benefits Tax, on top of all the other benefits and savings you will enjoy with an electric car Novated Lease.

Why Lease an EV Through Salary Sacrifice?

Demand for electric vehicles is increasing, and Novated Leasing can make the switch to an EV more affordable. Many Australians believe EVs are out of their price range, but that is simply not the case – especially when you salary package your EV with a Novated Lease.

Here’s a quick overview of the key benefits when you lease an electric vehicle through salary sacrifice:

Benefit	EV Novated Lease
No FBT on elible EVs	Yes (until mid-2027)
Income tax savings	Pre-tax lease payments
No GST on running costs	Fuel/charging, rego, servicing
Access to fleet discounts	On popular EV models
All-inclusive budgeting	Fixed weekly payroll deduction
Eligible used EVs	Must meet retail date threshold

Popular EVs Available Now

We can source all major EV makes and models for your EV Novated Lease. Popular FBT-exempt options include:

Tesla Model 3, Model Y
Polestar 2
BYD Dolphin, Seal, Atto 3
Kia EV6, Niro, EV5
MG ZS EV
Hyundai Ioniq & Kona EV
Mitsubishi Outlander
Volvo EX30, BMW i4 35 eDrive

New and select used EVs may also qualify for an EV Novated Lease – contact us and we’ll confirm eligibility during your quote.

See your EV Lease Savings

Use our EV Novated Lease Calculator to estimate:

Total lease savings vs buying outright or personal loan

Weekly cost based on salary, Electic Vehicle model, and driving habits

Total tax savings (including FBT exemption)

State & Territory EV Incentives

Many states offer additional EV rebates, stamp duty waivers, or rego discounts. Ask us about:

VIC: EVs are exempt from luxury vehicle stamp duty rate
NSW: Rego discounts
QLD: Reduced stamp duty
ACT: Zero stamp duty and free rego
NT: Stamp duty concession of up to $1,500 and free rego until 20^th June 2027

We’ll help you maximise every available benefit.

Employers: EV Novated Leases with Zero FBT = Win-Win

Offering Novated Electric Vehicle Leasing to staff:

Costs your business nothing
Reduces payroll tax via employee contributions
Supports your sustainability goals
Attracts and retains talent with EV perks

We’ll manage the setup, compliance, and support – both you as the employer, and the employee can reap the benefits.

Real examples: how much can you save with a Novated Lease?

EV Model	Total Lease Savings	Weekly Cost*
Tesla Model Y RWD	$28,468	$224
Tesla Model Y Long Range	$33,438	$258
BYD Sealion 7	$24,907	$204
Kia EV5 Air	$25,240	$296
Mustang Mach-E	$32,130	$263
Volvo EX30	$33,197	$271

*Figures subject to change. Based on 5-year lease, 15,000 km/year, $75,000 salary. Actual savings vary by location, salary, and vehicle.

The benefits of an EV Novated Lease

FBT exemption
Vehicle options

FBT exemption

Zero or low emissions vehicles under the Luxury Car Tax threshold are exempt from FBT. It includes eligible vehicles that were first held and used on or after 1 July 2022. This includes second-hand models, just as long as it has a first retail sale date of 1 July 2022 or later. The exemption will be reviewed by mid 2027.

Vehicle options

FBT exemption will apply to vehicles below the luxury car tax threshold that are zero or low emissions, including:

Battery electric vehicles (EV)
Hydrogen fuel cell electric vehicles (FCEV)

The value of the car at the first retail sale must be below the luxury car tax threshold ($91,387 in 2024-25) for fuel efficient vehicles. The luxury car tax threshold generally includes GST and customs duty but excludes other items such as service plans, extended warranties, stamp duty and registration.

Check out our latest EV Novated Lease SPECIALS!

Our weekly EV Novated Lease costs include financing, insurance, registration, servicing, tyres, charging and more!

EV FBT EXEMPT

$27,979

Total savings across the lease*

$216

Weekly lease cost*

Send Enquiry

Tesla Model 3

EV FBT EXEMPT

$28,468

Total Savings across the lease*

$220

Weekly lease cost*

Send Enquiry

Tesla Model Y RWD

EV FBT EXEMPT

$33,438

Total Savings across the lease*

$258

Weekly lease cost*

Send Enquiry

Tesla Model Y Long Range

PHEV FBT EXEMPT

$17,010

Total Savings across the lease*

$139

Weekly lease cost*

Send Enquiry

New BYD Dolphin Essential

EV FBT EXEMPT

$31,665

Total Savings across the lease*

$160

Weekly lease cost*

Send Enquiry

BYD Dolphin Dynamic

EV FBT EXEMPT

$22,934

Total Savings across the lease*

$198

Weekly lease cost*

Send Enquiry

BYD Seal Dynamic

EV FBT EXEMPT

$27,038

Total Savings across the lease*

$221

Weekly lease cost*

Send Enquiry

KIA EV5 Air

EV FBT EXEMPT

$31,804

Total Savings across the lease*

$254

Weekly lease cost*

Send Enquiry

Mustang Mach-E

EV FBT EXEMPT

$32,130

Total Savings across the lease*

$263

Weekly lease cost*

Send Enquiry

Volvo Ex30

EV FBT EXEMPT

$33,197

Total Savings across the lease*

$271

Weekly lease cost*

Send Enquiry

BMW i4 35 eDrive

*Costs based on salary packaging an EV under a novated lease over five years, driving 15,000km per year and an annual income of $75,000. All figures and images are indicative only and before making a decision you should consult your independent legal, taxation and financial advisor for advice relating to your personal circumstances. Conditions, fees and charges may apply and finance is available to approved applicants only. FBT exemptions for Electric Vehicles (EVs) are subject to eligibility criteria.

Ready to drive electric?

If you’re ready to make the switch to an electric car lease, talk to us today! Our friendly and local team will work with you to understand your needs and wants and provide the options that best suit you. Whatever your dream EV may be, we can help source it for you!

beCarWise will help you:

Choose the right EV

Access tax-free benefits

Compare options and calculate savings

Get driving faster with no upfront costs

Call 1300 734 500
Get Started with a Quote

Fill in your details below and one of our friendly consultants will be in touch

Make the switch to an EV Novated Lease today!

let’s find your dream ev!

EV Novated Lease FAQs

What is Fringe Benefits Tax?

When you purchase a vehicle under a Novated Lease, you do so using your pre-tax salary. This in turn reduces your taxable income. To ensure you don’t benefit above and beyond other taxpayers, the ATO offsets this reduction with a tax called Fringe Benefits Tax (FBT). This tax is calculated based on the purchase price of your vehicle and the annual kilometres driven. By paying for a portion of your annual running costs in a post-tax manner you can effectively offset any FBT liability accrued. Talk to us about your individual circumstances to learn more.

Can I claim my EV charging costs with a Novated Lease?

Yes! An electric vehicle Novated Lease includes all running costs, so this includes all your electric charging costs too, regardless of where you charge your car. beCarWise will provide a convenient Chargefox Card with your EV plus we can reimburse your costs if you use another charging supplier.

Could leasing an EV have an impact on my eligibility for government concessions or payments?

In Australia, a Novated Lease on an electric vehicle may result in a Reportable Fringe Benefit Amount (RFBA) being included in your Income Statement or Payment Summary. The RFBA may affect your entitlement to certain government concessions and assistance such as HELP, childcare rebates and Family Tax Benefits etc. We advise that you seek impartial financial guidance to assess how this may affect your individual circumstances. For more information, visit the Australian Government Website. Have a question we haven’t yet answered? Visit our full list of FAQs here or contact us today.

Have a question we haven’t yet answered?
Visit our full list of FAQs here
or contact us today

form id: 1

Car Type	Small
Fuel Type	Petrol
Vehicle Cost
Car Kilometres
Car Lease Term

Car Type	Small
Fuel Type	Petrol
Vehicle Cost
Car Kilometres
Car Lease Term

Drive Electric. Save on Tax. Go Further with an EV Novated Lease

Make the switch to electric – smarter for your wallet, better for the planet.

With a beCarWise EV Novated Lease, you can access government-backed tax exemptions,
unlock major salary sacrifice benefits, and enjoy the convenience of bundling all your car expenses
into one low weekly payment.

What is an EV Novated Lease?

EVs Are FBT Exempt – Here’s What That Means

Why Lease an EV Through Salary Sacrifice?

Popular EVs Available Now

See your EV Lease Savings

How Much Can I Save?

What is the car type?

What is the fuel type?

Where should we send the estimate?

Summary

Thank you for your enquiry

State & Territory EV Incentives

Employers: EV Novated Leases with Zero FBT = Win-Win

Real examples: how much can you save with a Novated Lease?