Media release: FBT “Switch” scheme for electric vehicles entering corporate fleets would drive more corporate demand
Not-for-profit group Drive Electric is encouraging the new government to look at a fringe benefit tax (FBT) innovation that would encourage corporate uptake of electric vehicles. Drive Electric’s suggested “Switch” scheme would involve the incoming EV attracting the lower FBT rate of the outgoing fossil fuel vehicle. FBT is lower on fossil fuel vehicles because […]
