Australian Automobile Association analysis notes hybrids are exempt from fringe benefits tax until 1 April 2025
- Follow our Australia news live blog for latest updates
- Get our breaking news email, free app or daily news podcast
Battery-powered electric vehicle sales fell sharply last quarter and may have temporarily peaked as consumers turn to hybrid models that attract tax concessions, according to new analysis.
Quarterly vehicle sales data released by the Australian Automobile Association on Monday reveals petrol-powered cars continued to decline in popularity, with sales falling by 9.16% in the three months to 30 September.
Sign up for Guardian Australia’s breaking news email
Continue reading...