CANBERRA, ACT, Dec. 12 -- The Treasurer of Australia issued the following media release:
The Albanese Government has released the terms of reference for the statutory review of the Electric Car Discount.
This policy has helped deliver a car market with more choice and cheaper to run cars for more Australians and has helped motorists slash their emissions and fuel bills for good.
The discount has applied since July 2022, providing a fringe benefits tax exemption and tariff exemption to eligible cars to kick start take‑up of electric vehicles and help reduce transport emissions in the longer term as part of the Government's broader climate action agenda.
When we came to office, the market for electric vehicles was nascent, with EVs ...