A 'silver bullet' that could improve Australia's lagging uptake of electric vehicles
Australia’s uptake of electric vehicles (EV) is lagging, but tax experts say they have a “silver bullet solution” that will boost sales and help increase the supply of cheaper used EVs. Key points: Business fleets account for 40 percent of light vehicle sales, but almost no electric vehicles Federal tax law acts as a disincentive, experts say Changing this could quickly drive EV uptake and provide consumers with a cheaper supply of used EVs The Commonwealth-funded climate-focused research center RACE for 2030 has released a report recommending tax reforms similar to those in Europe to encourage fleet managers to buy EVs, rather than internal combustion engine (ICEV) vehicles. Prepared by tax experts from the universities of Monash and Griffith, the report describes a sad situation: business fleets (which include government and corporate vehicles) account for 40 percent of light vehicle sales, but almost no electric vehicles. Of the more than 600,000 passenger vehicles and light SUVs so