Total cost of ownership of electric car vs petrol with FBT exemption
Assumptions: Average NSW driver (37 km/day), Service costs obtained from manufacturers website where available, Tyre costs: $400 p.a.. Fuel: $2.0/litre. Electricity: $0.30/kWh. Statutory method used for FBT calculation. FBT payable can be reduced by post-tax employee contributions. This example is for illustrative purposes only and should not be considered financial advice. Consult a qualified tax professional for advice.