Motor Industry Urges Continuation of Tax Discount for Electric Vehicles as Demand Increases

Motor Industry Push for Tax Discount Extension

The automotive industry is seeking to extend the fringe benefits tax discount for electric vehicles in response to soaring sales figures. The tax benefit has assisted many Australians in saving tens of thousands of dollars when purchasing plug-in hybrid cars.

Concerns Over Tax Discount Expiration

With the discount set to end next year, industry leaders warn of potential repercussions:

• Slowdown in sales of electric vehicles.
• Undermining efforts to reduce emissions.
• Impact on market sustainability.

To continue promoting a greener future, the automotive industry argues that government support for the tax benefits is essential.