Electric vehicles (EVs) have been a popular topic for a number of years now. It’s no surprise that the world of EVs continues to evolve at a rapid pace, as new government incentives appear and manufacturers commit to electric-only futures. More Australians are making the switch to electric cars, keen to reap the benefits on offer during this electric vehicle revolution. So, how do you get the best deal on a new EV and make the most of the positive outcomes on offer? That’s where a novated lease through CarBon Leasing comes in. In this blog, we’ll dive into some of the latest news surrounding electric vehicles in Australia. We’ll also explain why now might be the perfect time to consider a novated lease for your next vehicle. And with our easy-to-use online calculator, you can quickly see just how much you could save by leasing your dream EV in Australia!

The Australian government continues to push for faster EV adoption

One of the biggest stories in the EV world is the Australian government’s continued push to accelerate electric vehicle adoption.  The government is making it more affordable than ever to own an electric vehicle with a number of tax rebates available. They also continue to invest significant sums in installing and improving charging stations all over the country, an important step in making this essential infrastructure more accessible for EV owners. While all of these incentives and the positive approach by the federal and state governments are fantastic news, pricing may still present a barrier to some would-be EV buyers. Therefore, it’s essential that you understand your financing options. Keep in mind that you don’t need to buy an electric vehicle outright to enjoy all the benefits. At CarBon Leasing, our novated leasing options allow you to take full advantage of these government incentives while also saving on taxes and managing your expenses efficiently. We have plenty of experience in helping our clients get the best deals on a novated lease for their brand new EV, which is more important than ever during this electric vehicle revolution!

Why a novated lease makes sense right now

With all the buzz around electric vehicles, it’s easy to get caught up in the excitement. But before you rush out to buy a new EV, it’s important to consider your financing options. A novated lease through CarBon Leasing can be a smart move, especially in today’s financial climate. Below are a few reasons why you should consider a novated lease for your EV.

1. Maximise your tax savings

One of the key benefits of a novated lease is the ability to use your pre-tax income to pay for your vehicle. This can significantly reduce your taxable income, leading to fantastic tax savings. The additional government incentives for EVs mean that these savings can be even more pronounced, leaving you with more money in your pocket at tax time.

2. Bundle your costs

A novated lease means that all your vehicle-related expenses, such as maintenance, insurance, and registration, are bundled into one payment. This means you can enjoy the benefits of owning an EV without the hassle of managing multiple bills each month. If you buy a car outright, however, you’ll have to handle all of these bills yourself.

3. Stay ahead of the curve

New EVs are appearing on the market regularly, and the industry continues to evolve, driven by new research and development. A novated lease gives you the ability to upgrade your vehicle every few years, ensuring that you’re always driving the latest and most efficient model. Plus, with CarBon’s extensive network of partners, you’ll have access to a wide range of the best EVs to choose from!

What does the future of electric cars in Australia look like?

The future of EVs in Australia is bright, and there are a number of reasons to be optimistic. There will be more cars to choose from, from a wider range of manufacturers, technology will continue to advance, and even better lease options will become available.

More vehicles from more manufacturers

More manufacturers are entering the Australian market, putting a broader range of models on offer. The influx of different makes and models is expected to drive down prices, making EVs more affordable for everyday consumers. Different makers will also drive improvements in comfort, safety, and efficiency, ensuring a healthy and competitive market.

Technological advancements

Advancements in EV technology are moving along at a swift rate, shaping the future of electric vehicles in Australia. These developments include longer lasting batteries, faster charging times, self-driving vehicles and a range of incredible safety features. Features like these mean a better experience for Australian consumers, whether you are leasing or buying your new EV.

Excellent lease options

Leasing an electric vehicle is becoming an increasingly popular option for Australians who want to drive the latest models without the upfront costs. At CarBon, we have a variety of flexible lease packages available, ensuring that you can access brand new electric vehicles at incredibly competitive rates. Crunch the numbers today with CarBon’s handy novated lease calculator.

Take advantage of the EV boom with CarBon leasing

The electric vehicle revolution is in full swing, and there’s never been a better time to join the movement. Government incentives, advanced technology, and the growing popularity of EVs promises that the future of transportation in Australia is electric. And with a novated lease from CarBon Leasing, you can make the switch to an EV in a way that’s both financially smart and hassle-free. Start your electric journey with us today and experience the future of driving, one charge at a time.

FAQs about the future of electric vehicles

Which country has the highest percentage of electric cars?

Norway has the highest percentage of electric cars, with over 94.3% of new car sales in August 2024 being electric. This is due to generous government incentives, widespread charging infrastructure, and a strong focus on sustainability. They also boast more electric cars on the roads than petrol or gas cars, an enormous achievement.

Will electric cars save the planet?

That’s a big question, and while it’s tough to give an answer, there’s no doubt they are contributing to a cleaner planet. Electric cars help reduce greenhouse gas emissions and air pollution, especially when powered by renewable energy. However, their overall environmental benefit depends on clean energy use, battery production, and disposal methods.

Are Australians buying many electric cars?

Electric vehicle sales are growing in Australia, with EVs making up around 8% of new car sales in 2023. While this is much lower than countries like Norway, for instance, EVs are gradually gaining ground across the country, with 2024 sales expected to exceed the target of 100,000.

Is there a downside to electric cars?

Electric cars can come with some downsides, such as high upfront costs, limited access to charging stations in rural areas, and some environmental concerns over battery production. However, development has been focused on solving some of these problems, and the benefits far outweigh the negatives.