What is the FBT Exemption for Electric Vehicles?

 Electric cars have had an up-and-down journey, starting with excitement, then almost disappearing, and finally making a strong comeback. Fringe benefits tax (FBT) does not apply to eligible electric cars and related car expenses. The Fringe Benefits Tax (FBT) exemption for electric vehicles (EVs) provides significant tax relief for employers offering private use of eligible zero or low-emissions vehicles, such as battery electric, hydrogen fuel cell, and certain plug-in hybrid vehicles. In this blog, you will learn about the FBT exemption for electric vehicles and how the FBT exemptions will apply for plug-in hybrid electric vehicles (PHEVs) from 1 April 2025.

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What is the FBT Exemption for Electric Vehicles




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