Fringe benefit tax an obstacle to EV take-up - Transpower

Wed, 10 Feb 2021

Fringe benefit tax rules for electric vehicles need to change if the country is to accelerate their uptake and the environmental and cost benefits they will deliver, Transpower says.Electrification of transport is the biggest and fastest emission-reduction available and the country needs to do more to encourage imports and accelerate their use, the state-owned enterprise said.The total cost of ownership for many EVs is already lower than petrol cars, but the high upfront purchase cost means under current policies mass take-up may not begin unti...

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