Why we're ALL about to go out and buy PHEVs

[Crazy Dazz]

So apparently if Each-Way Albo (aka "Greens' Sock-Puppet") moves into the big house,
not only will they remove any import duties on EVs, but they also claim they will except them from FBT

As part of the Discount, Labor will exempt many electric cars from:

Import tariffs – a 5 per cent tax on some imported electric cars; and
Fringe benefits tax – a 47 per cent tax on electric cars that are provided through work for private use.
These exemptions will be available to all electric cars below the luxury car tax threshold for fuel efficient vehicles ($77,565 in 2020-21)

Waiving the basic import tariff (which doesn't apply to some vehicles anyway due to FTAs) is fine, it's just another way of saying "subsidy."

Exempting EVs (including PHEVs) from FBT is just bat-**** crazy

For those not fully conversant with FBT rules, making something exempt, means that you can salary sacrifice it all, and pay not one cent of tax.
Whilst novated leases have been a common arrangement, for something that is exempt they will be unnecessary.
You can simply buy a car on HP, and have your employer make the repayments, tax free.
In fact, if you can afford the cashflow hit, you can simply have your employer buy the car for you.

As written, their proposal says that every Australian would be able to be paid upto $77k (plus maintenance and running costs) TAX FREE every year.
And why stop at one? If you're a doctor, lawyer, or CEO earning $400K+ a year, get your wife and kids EVs also.
Oh, and the best bit, since it includes PHEVS, you never have to plug it in, and can also get your PETROL paid for tax free also.

And yes, if it wasn't obvious, this will just be another stupid government move, putting more money into the pockets of the rich.
Pensioners, casual and part-time employees won't be able to take advantage of this, and maximum benefit will be available to those with the most disposable income.