Tax Exemption For Electric Vehicles

Written by Claude Haiku 4.5 from the extracted text on 28 Feb 2026. It can miss or misread redacted and scanned pages. Check the source before relying on it.

This disclosure contains Treasury and ATO correspondence and modelling from July-November 2023 regarding the D33 tax exemption for electric vehicles under fringe benefits tax (FBT). The documents include technical emails discussing a D33 costing model that projects EV uptake using multiple data sources: EV Council forecasts targeting 50 per cent market share by 2030, state-by-state sales data from VFACTS, ACT zero-interest loan availability adjusted into interest rate calculations, RACV 2022 running cost data weighted by model sales, and novated lease forecasts based on four-year EV sales averages. The model accounts for vehicles exceeding the luxury car tax threshold and segments costs into calendar and income years. Treasury sought advice on feasibility of providing yearly updates using FBT and individual administration data, and identified potential use of DCCEEW emissions projections for volume modelling. The correspondence indicates