All about electric vehicles (EVs)

Electric vehicles are becoming more popular as the costs start to reduce, and we all become more aware of the environmental benefits of owning and running an EV. Here are some things you may not know about the latest range of EVs.

They are not as expensive as you think​

While the purchase price of EVs is typically higher than many petrol cars, they have lower running costs according to the Electric Vehicle Council.​

That’s because they have no engine, transmission, head gasket or spark plugs, so you won’t have to service an EV as frequently.​

They can go further than you think​

According to the Electric Vehicle Council, current EVs have an average battery range of nearly 480km. Some new models can get to 650km on a single charge.

As the average Australian drives 38 kilometres a day, they could go for 10 days or more without needing to recharge.​

Charging is simpler than you think​

Most new EV sales include an entry-level charger which connects to a normal electricity power outlet at home. ​

These chargers can maintain a full charge for many people doing a daily work commute or shopping trip.​

Purchase an EV tax-free with a novated lease​

The Electric Car Discount Policy, introduced by the Federal Government has made Electric Vehicles (EVs) under the luxury car tax threshold ($91,661 in 2026-27 Financial Year) considerably cheaper when purchased through a novated lease. This is because these EVs are now exempt from Fringe Benefit Tax (FBT) – which could save you thousands.​

^ Fringe Benefits Tax (FBT) exemption available for eligible electric or hydrogen cell vehicles purchased through a novated lease up to the Luxury Car Tax limit ($91,661 in FY 2026-27).

How much can we save you on an electric vehicle?​

Try the leasing calculator to see just how affordable an EV can be.​

 

Ready to find out more about novated leasing?​

For more information about novated leasing:​

  • Head over to the car calculator for an instant estimate on your car of choice. From here you can submit an enquiry to our expert leasing team​
  • Call our leasing team on 1300 476 278​
  • Visit the Smart contact us page and a member of our leasing team will get in touch as soon as they can