u/Green_Builder_7295

Went through the budget papers this morning so here’s the plain English version for anyone who didn’t want to sit through Jim Chalmers for two hours.

FBT changes are now locked in law:

• Until March 2027 — nothing changes, full exemption still applies
• April 2027 to March 2029 — full exemption only for EVs under $75k. Above that drops to 25% discount
• From April 2029 — 25% discount for everyone, full exemption gone
• Existing leases grandfathered — if you're already in one you're fine

Fuel excise discount is ending July 1 — petrol goes up roughly 32c/litre from that date. No extension was included.

No EV road user charge — government explicitly chose not to introduce one, said they don't want to slow EV uptake right now.

$40 million for regional and kerbside charging — targeting the two biggest gaps in the network.

And EV market share hit 16.4% in April which is wild — nearly 1 in 6 new cars sold was electric.

For anyone sitting on the fence about a novated lease — the budget hasn't changed the numbers, it's just made the timeline certain. Full exemption is there right now, July 1 petrol gets more expensive.

Hey , has anyone owned this and what are your opinions on it?

I’m looking to buy this but hesitant to pull the trigger. More concerned about the comfy and sound.

As some of you may know the government is gradually winding back the EV FBT exemption over the next few years, so if anyone’s been considering a novated lease, timing suddenly becomes a much bigger factor.

Here’s the current plan from what’s been announced:

Until 31 March 2027:
No change.

Eligible EVs under the LCT threshold still get the full FBT exemption through novated leasing.

From 1 April 2027 to 31 March 2029:
This is where it starts changing.

• EVs under $75k keep the full exemption
• EVs between $75k and the LCT threshold only get a 25% FBT discount instead

So the tax advantage drops pretty noticeably for higher-priced EVs from 2027 onwards.

From 1 April 2029:
The full exemption disappears completely.

All eligible EVs below the LCT threshold move to a permanent 25% FBT discount instead.

From what’s being reported, existing leases are expected to be grandfathered, so people already in a lease likely won’t be affected.

Feels like this will probably:

• push more buyers toward sub-$75k EVs
• make people lock leases in earlier
• make timing way more important than before

Curious if this changes anyone’s plans at all or if most people were already expecting the exemption to eventually get wound back?

Hi everyone,

Im on the hunt comfortable lightweight on ear or over ear headphones, i know you can just get iem's but i dont want things in my ears. Searching for something that is incredible in sound. Detailed bass with warm mids and sparkly highs.

Open back or closed back, doesnt matter.

Hoping you guys can help! 😄

Hey everyone,

Long time lurker, first time poster here.

I've been frustrated for a while that most EV calculators online are built for the US or UK market. Australian electricity prices, state incentives, and novated lease FBT rules are completely different — and most tools just ignore that.

So I spent the last few weeks building one specifically for Australia. It covers:

• 244 EV models currently on sale here
• All 8 states with accurate incentive info (most rebates are closed now so I've been honest about that rather than showing outdated numbers)
• Novated lease FBT savings estimate if that's how you're buying
• Real breakeven calculation vs your current petrol or diesel car
• 5-year cost comparison

It's completely free. I gate the full breakdown behind an email but the weekly saving, annual saving, and breakeven are visible upfront before you enter anything.

Would genuinely love feedback from people who know their EVs, if anything looks off on the specs or pricing let me know and I'll fix it. Already made a bunch of updates based on feedback from r/EVAustralia.

evclear.com.au/calculator

Hey everyone,

There are a few EV calculators out there for Australians but I couldn't find one that combined all of this in one place:

• Every EV currently available in Australia (133 models in the dropdown)
• Any remaining state incentives automatically applied (most have been phased out, so the calculator focuses on real savings like FBT
• Novated lease FBT savings estimate if that's how you're buying
• Your exact breakeven month shown visually
• 5-year total cost comparison vs your current petrol car

So I built one. It's free — just enter your email at the end to unlock the full breakdown.

Don't worry i won't be sending you any stupid spam emails.

Would love honest feedback from people who know their stuff. If any numbers look off let me know and I'll fix them.

EDIT: Over 240 models now added!

Link: https://evclear.com.au/calculator