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EV Makers Fight Tax Cut Plan, Warning of Slower Electric Car Adoption

Published 4 days, 1 hour ago
Description

Electric vehicle makers and leasing groups are challenging the Australian governments plan to reduce tax breaks for EVs bought through salary packaging. The breaks, initially projected to cost $1.9 billion, have instead cost $5.1 billion due to increased EV sales. Industry leaders like Tesla, Polestar, and BYD are advocating for the policys continuation, arguing it aids workers with long commutes and promotes cleaner cars. The government is currently reviewing the policy, with options including scrapping, phasing out, or tightening the price cap.

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