Financially stretched Australian households who want to save money making the switch to electric vehicles are the big winners of this federal budget, with the government cementing its commitment to the Electric Car Discount, the nation’s peak body for novated leasing said.
The Albanese Government will keep the EV Discount in full for another year before continuing with phased changes from April 2027.
The National Automotive Leasing and Salary Packaging Association (NALSPA) said the budget reduces Australians’ cost of living by helping them afford cheaper-to-run cars.
“Australians looking to save money on driving are huge winners in this federal budget,” NALSPA CEO Rohan Martin said.
“The Albanese Government’s commitment to the Electric Car Discount means more Australians can afford to switch to cheaper-to-run cars and avoid pain at the bowser.
“The Electric Car Discount is good for the country – cutting emissions, reducing our reliance on foreign-owned oil and future-proofing our energy security.
“The government has got the balance right on the Electric Car Discount with relief for households, certainty for the market, and fiscal responsibility for the budget.
"This budget reflects what Australians want - there is overwhelming support for the government to continue providing financial help for EVs.
“Polling shows most Australians who bought an EV with the Electric Car Discount wouldn’t have without it, particularly cost-conscious households, blue-collar workers and outer-suburban families.
“With certainty about the Electric Car Discount, the high cost of living, and volatile fuel prices, there has never been a better time to go electric through novated leasing.
“NALSPA will continue advocating for the FBT framework and salary packaging to be used to their full potential to deliver real cost-of-living relief for working families.”
