Saturday 9 December 2023

Contact 1800 772 679

Contact 1800 772 679

The magazine of the Public Service Association of NSW and the Community and Public Sector Union (NSW Branch)

EV Does It


EV Does It <br><br><br>

Leasing an electric vehicle is easier and cheaper than you think.

Don’t tell Scott Morrison, but electric vehicles (EVs) just got a lot mosre affordable for PSA/CPSU NSW members.

Changes to tax laws mean eligible low- and zero-emissions vehicles purchased up to the luxury car tax threshold of $84,916, will now be exempt from fringe benefits tax.

This means leasing a car through Maxxia, which is available to most PSA/CPSU NSW members, is more cost-effective.

“There’s never been a better time to get into an EV,” said Maxxia’s Manager Client Relationships, Fraser Mexted.

Terms and conditions apply to leasing and members should go to the relevant section of the Maxxia website – www.maxxia.com.au/ev-discount-bill – for more information.
“With the Australian Government’s EV Discount, taking out a novated lease on an EV just got a whole lot cheaper,” said Mr Mexted. “So, if you were thinking about making the switch to an eligible electric or hybrid vehicle your timing is impeccable.

“As Australia’s largest novated lease provider, we’re ready to help get you into an electric or hybrid car of your choice. We’ve geared up our systems and are working closely with key suppliers to help you make a confident choice – for yourself and the environment.”

Members should obtain independent financial advice on what impact taking out a novated lease on an EV may have on their personal financial circumstances.

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