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Rankings › FBT-exempt electric cars (2026–27)Rankings · Updated November 2026

FBT-exempt electric cars (2026–27)

Quick answer

An electric car is exempt from fringe benefits tax on a novated lease if its price is under the luxury car tax threshold for fuel-efficient cars: $91,661 for cars first bought in 2026–27. 94 EVs on sale have at least one version under it (November 2026).

Under $75,000: exempt now and under the proposed changes

77 EVs, cheapest to own first. These keep the full exemption under the changes proposed from April 2027.

Right: 5-year cost to own (price with on-road costs, home charger for EVs, charging or fuel, servicing and tyres), then the weekly running cost. 250 km a week in NSW.

  1. 1BYD Atto 1Electric$19,990 drive-away, offer · all versions qualify$29,146$27.52/wk to run
  2. 2BYD DolphinElectric$28,888 drive-away, offer · all versions qualify$38,141$27.90/wk to run
  3. 3Geely EX2Electric$26,490 + on-roads · all versions qualify$39,523$27.05/wk to run
  4. 4MG MG4Electric$31,990 drive-away · all versions qualify$42,474$32.63/wk to run
  5. 5GWM Ora 5Electric$33,990 drive-away · all versions qualify$43,376$28.41/wk to run
  6. 6Hyundai InsterElectric$35,990 drive-away, offer · all versions qualify$44,497$25.03/wk to run
  7. 7GAC Aion UTElectric$31,990 + on-roads · all versions qualify$45,160$27.58/wk to run
  8. 8Jaecoo J5 EVElectric$36,990 drive-away · all versions qualify$45,284$24.21/wk to run
  9. 9GWM OraElectric$35,990 drive-away · all versions qualify$45,361$28.35/wk to run
  10. 10Honda Super-ONEElectric$36,900 drive-away · all versions qualify$45,492$25.35/wk to run
Show 67 more EVs
  1. 11BYD Atto 2Electric$31,990 + on-roads · all versions qualify$45,721$29.74/wk to run
  2. 12Chery E5Electric$37,990 drive-away · all versions qualify$46,576$25.33/wk to run
  3. 13Forthing Taikon 5Electric$38,990 drive-away · all versions qualify$48,434$28.63/wk to run
  4. 14Leapmotor B05Electric$35,888 + on-roads · all versions qualify$49,082$27.67/wk to run
  5. 15Leapmotor B10Electric$37,888 + on-roads · all versions qualify$50,936$27.11/wk to run
  6. 16MG S5 EVElectric$42,990 drive-away · all versions qualify$53,684$33.44/wk to run
  7. 17BYD Atto 3Electric$41,990 + on-roads · all versions qualify$55,356$28.33/wk to run
  8. 18Geely EX5Electric$41,990 + on-roads · all versions qualify$55,976$30.72/wk to run
  9. 19GAC Aion VElectric$42,590 + on-roads · all versions qualify$56,390$30.00/wk to run
  10. 20Tesla Model 3Electric$45,900 + on-roads · all versions qualify$58,178$24.14/wk to run
  11. 21Hyundai Kona ElectricElectric$46,000 + on-roads · all versions qualify$58,976$26.83/wk to run
  12. 22Suzuki e VitaraElectric$49,990 drive-away · all versions qualify$58,980$26.88/wk to run
  13. 23Zeekr XElectric$48,900 drive-away · all versions qualify$59,634$33.59/wk to run
  14. 24Kia EV3Electric$47,600 + on-roads · all versions qualify$60,625$27.02/wk to run
  15. 25BYD SealElectric$46,990 + on-roads · all versions qualify$60,908$30.46/wk to run
  16. 26MG S6 EVElectric$49,990 drive-away · all versions qualify$61,056$34.87/wk to run
  17. 27Skoda ElroqElectric$47,990 + on-roads · all versions qualify$61,568$29.15/wk to run
  18. 28Kia EV4Electric$49,990 + on-roads · all versions qualify$62,869$26.46/wk to run
  19. 29Jeep AvengerElectric$49,990 + on-roads · all versions qualify$62,922$26.66/wk to run
  20. 30Volvo EX30Electric$49,990 + on-roads · all versions qualify$63,026$27.06/wk to run
  21. 31Smart #1Electric$49,900 + on-roads · all versions qualify$63,588$29.57/wk to run
  22. 32Mazda 6eElectric$49,990 + on-roads · all versions qualify$64,117$31.26/wk to run
  23. 33Leapmotor C10Electric$49,888 + on-roads · all versions qualify$64,362$32.59/wk to run
  24. 34Fiat 500eElectric$52,500 + on-roads · all versions qualify$64,470$22.96/wk to run
  25. 35Skoda EnyaqElectric$50,990 + on-roads · all versions qualify$65,202$31.58/wk to run
  26. 36Mini Cooper ElectricElectricRun-out$53,990 + on-roads · all versions qualify$65,953$22.93/wk to run
  27. 37BYD Sealion 7Electric$50,990 + on-roads, offer · all versions qualify$65,987$34.60/wk to run
  28. 38Xpeng G6Electric$51,800 + on-roads · all versions qualify$66,249$32.50/wk to run
  29. 39Smart #3Electric$52,900 + on-roads · all versions qualify$66,539$29.38/wk to run
  30. 40KGM Torres EVXElectric$58,000 drive-away · all versions qualify$68,264$31.78/wk to run
  31. 41Mini AcemanElectricRun-out$55,990 + on-roads · all versions qualify$68,285$24.21/wk to run
  32. 42Deepal S07Electric$53,900 + on-roads · all versions qualify$68,535$33.21/wk to run
  33. 43Mazda CX-6eElectric$53,990 + on-roads · all versions qualify$68,629$33.23/wk to run
  34. 44Renault Megane E-TechElectric$54,990 + on-roads · all versions qualify$68,708$29.69/wk to run
  35. 45Toyota bZ4XElectric$55,990 + on-roads · all versions qualify$68,833$26.32/wk to run
  36. 46Cupra TavascanElectric$55,490 + on-roads · all versions qualify$69,912$32.39/wk to run
  37. 47Nissan AriyaElectric$55,840 + on-roads · all versions qualify$70,265$32.40/wk to run
  38. 48Renault Scenic E-TechElectric$55,990 + on-roads · all versions qualify$70,284$31.90/wk to run
  39. 49Alfa Romeo Junior ElettricaElectric$57,900 + on-roads · all versions qualify$70,579$25.69/wk to run
  40. 50Kia EV5Electric$56,770 + on-roads · all versions qualify$71,342$32.97/wk to run
  41. 51KGM Musso EVElectric$60,000 drive-away · all versions qualify$71,522$36.62/wk to run
  42. 52IM IM5Electric$60,990 drive-away · all versions qualify$71,570$33.00/wk to run
  43. 53Abarth 500eElectric$58,900 + on-roads · all versions qualify$71,665$26.02/wk to run
  44. 54IM IM6Electric$60,990 drive-away · all versions qualify$72,097$35.03/wk to run
  45. 55Tesla Model YElectric$58,900 + on-roads · all versions qualify$72,185$28.02/wk to run
  46. 56Hyundai ElexioElectric$58,990 + on-roads · all versions qualify$73,342$32.12/wk to run
  47. 57Smart #5Electric$58,900 + on-roads · all versions qualify$73,486$33.02/wk to run
  48. 58Zeekr 7XElectric$57,900 + on-roads · all versions qualify$73,523$37.01/wk to run
  49. 59Cupra BornElectric$59,990 + on-roads · all versions qualify$73,714$29.71/wk to run
  50. 60Subaru UnchartedElectric$59,990 + on-roads · all versions qualify$73,870$30.31/wk to run
  51. 61Volkswagen ID.4Electric$60,990 + on-roads · all versions qualify$74,857$30.26/wk to run
  52. 62Volkswagen ID.5Electric$62,990 + on-roads · all versions qualify$76,421$28.58/wk to run
  53. 63Subaru SolterraElectric$61,990 + on-roads · all versions qualify$76,519$32.80/wk to run
  54. 64Subaru TrailseekerElectric$63,990 + on-roads · all versions qualify$77,909$30.46/wk to run
  55. 65Deepal E07Electric$64,900 + on-roads · all versions qualify$79,087$31.49/wk to run
  56. 66Polestar 2Electric$66,400 + on-roads · all versions qualify$80,358$30.61/wk to run
  57. 67Ford Mustang Mach-EElectric$65,990 + on-roads · 2 of 3 versions qualify$80,786$33.83/wk to run
  58. 68Mini Countryman ElectricElectric$68,990 + on-roads · all versions qualify$81,632$25.55/wk to run
  59. 69Hyundai Ioniq 5Electric$68,200 + on-roads · all versions qualify$82,300$31.15/wk to run
  60. 70Toyota bZ4X TouringElectric$69,990 + on-roads · all versions qualify$83,433$28.63/wk to run
  61. 71Volvo EX40Electric$69,990 + on-roads · all versions qualify$84,055$31.02/wk to run
  62. 72Audi Q4 e-tronElectric$71,650 + on-roads · all versions qualify$86,157$32.72/wk to run
  63. 73Kia EV6Electric$72,660 + on-roads · 3 of 4 versions qualify$86,857$31.53/wk to run
  64. 74Mercedes-Benz CLAElectric$72,200 + on-roads · all versions qualify$86,997$33.83/wk to run
  65. 75Tesla Model Y LElectric$74,900 + on-roads · all versions qualify$88,274$28.36/wk to run
  66. 76Polestar 4Electric$73,900 + on-roads · 2 of 3 versions qualify$89,123$35.47/wk to run
  67. 77Toyota HiLux EVElectric$74,990 + on-roads · all versions qualify$90,219$35.50/wk to run

"Offer" prices are time-limited deals; the car's own page has the end date and usual price.

Compare the top 3 Pick my car from these

$75,000 to $91,661: exempt now, 25% discount proposed from April 2027

17 EVs. Leases started before April 2027 aren't affected by the proposed change.

Right: 5-year cost to own (price with on-road costs, home charger for EVs, charging or fuel, servicing and tyres), then the weekly running cost. 250 km a week in NSW.

  1. 1BMW iX1Electric$79,900 drive-away · all versions qualify$89,093$27.67/wk to run
  2. 2Volkswagen ID. BuzzElectric$75,990 + on-roads · all versions qualify$91,134$35.17/wk to run
  3. 3Lexus ES (electric)Electric$77,000 + on-roads · all versions qualify$91,525$32.79/wk to run
  4. 4BMW iX2Electric$79,900 + on-roads · all versions qualify$93,093$27.67/wk to run
  5. 5Mercedes-Benz EQAElectric$80,700 + on-roads · all versions qualify$95,125$32.40/wk to run
  6. 6Cadillac OptiqElectric$80,000 + on-roads · all versions qualify$95,429$36.27/wk to run
  7. 7MG U9 EVElectric$78,990 + on-roads · all versions qualify$95,435$40.17/wk to run
  8. 8Lexus RZElectric$84,500 + on-roads · 2 of 4 versions qualify$99,884$36.09/wk to run
  9. 9Mercedes-Benz EQBElectric$85,400 + on-roads · all versions qualify$100,069$33.34/wk to run
  10. 10Genesis GV60Electric$88,300 + on-roads · 1 of 2 versions qualify$101,182$26.47/wk to run
Show 7 more EVs
  1. 11BMW i4Electric$88,900 + on-roads · all versions qualify$102,075$27.60/wk to run
  2. 12Denza D9Electric$85,990 + on-roads · 1 of 2 versions qualify$102,210$39.31/wk to run
  3. 13BMW iX3Electric$89,900 + on-roads · 1 of 2 versions qualify$103,651$29.81/wk to run
  4. 14Volvo ES90Electric$88,880 + on-roads · 1 of 2 versions qualify$104,855$38.36/wk to run
  5. 15Audi Q6 e-tronElectric$89,900 + on-roads · 1 of 2 versions qualify$105,208$35.80/wk to run
  6. 16Xpeng X9Electric$89,900 + on-roads · 1 of 2 versions qualify$105,281$36.08/wk to run
  7. 17Cadillac LyriqElectric$90,000 + on-roads · all versions qualify$106,303$39.63/wk to run

Compare the top 3 Pick my car from these

The rules in plain English

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Common questions

Which electric cars are FBT exempt in Australia?

Battery electric cars priced under the luxury car tax threshold for fuel-efficient cars, $91,661 in 2026–27. 94 EVs on sale have at least one version under it.

What is the FBT exemption threshold for EVs in 2026–27?

$91,661, the luxury car tax threshold for fuel-efficient vehicles. It was $91,387 in 2024–25 and 2025–26.

Are plug-in hybrids FBT exempt?

No, not for new leases. The exemption for plug-in hybrids ended on 1 April 2025. A lease keeps it only if the car was in use before then under a binding commitment, and only until that commitment changes.

Is the EV FBT exemption ending?

It's proposed to change, not end. From 1 April 2027, EVs up to $75,000 would keep the full exemption and dearer EVs under the threshold would get a 25% discount; from 1 April 2029 all would get the 25% discount. It was announced in the May 2026 Budget and isn't law yet. Existing leases aren't affected.

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How we work it out, and our sources

Weekly cost = the car's energy use × 250 km × your electricity or fuel price, with 90% of charging at home. Prices are list prices at November 2026; check with the dealer.

  • Electricity: 2026–27 default rates (AER, Victorian Default Offer, state retailers). Public charging: Sydney network prices, July 2026.
  • Petrol and diesel: capital-city daily averages from state government price feeds, via FuelRadar, 12 November 2026. Diesel for Hobart, Canberra and Darwin is estimated from the national fall.
  • Cars: maker figures via CarExpert, Drive, CarsGuide and EV Central. Plug-in electric range is taken as 80% of the claim.
  • Servicing: published capped prices; marked as an estimate where not yet published (CarExpert comparison).
  • Tyres: an EV set lasts about 35,000 km, a petrol or hybrid set 50,000 km (RACV); prices from Gridly.
  • Home charger: about $2,000 installed ($1,000–$3,000). Novated leases: PwC summary.

Printed from EV Pick Australia · evpick.com.au. Prices and costs are estimates; check with the dealer. © 2026 EV Pick (T. Crouch). For personal use only; not to be copied, republished or sold without permission.

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