Fuel-miser motorists will soon get broader access to the latest petrol engine technology – as world-class premium unleaded is set to become the new normal – after the Federal Government pledged a $2 .
Federal tax breaks to continue ute boom
Federal tax breaks to continue ute boom
May 12, 2021
Budget overlooks electric cars but all motorists to benefit from road infrastructure funding
The federal government’s big-spending budget has delivered good news for business owners with the extension of the instant asset write-off scheme that has been instrumental in stimulating strong growth in vehicle sales, particularly utes.
Now known as the ‘temporary full expensing’ measure, the write-off was introduced early in 2020 as the COVID-19 pandemic took hold in Australia (and was revised later in the year) to allow businesses with a turnover of up to $5 billion to write off the full value of an eligible asset such as a work vehicle.
/PRNewswire/ MiX Telematics has joined with the road safety leader Safer Australian Roads and Highways (SARAH) to promote road safety initiatives across our.
Date Time
Victorian EV policy highlights risks of federal leadership vacuum
Australia’s peak motoring body says a new package of measures announced by the Victorian Government will make electric vehicles and other zero-emission vehicles more affordable for businesses and families.
However, the Australian Automobile Association says efforts by individual state governments to set vehicle sales and emissions targets are a major concern, and the direct result of ongoing failure of the Federal Government to deliver a coherent, coordinated, nationally consistent approach to vehicle emissions reduction.
AAA Managing Director, Michael Bradley, said: “The incentive package announced by the Victorian government, coupled with a new distance-based road-user charge for electric vehicles, is an important step as governments look to make reforms that ensure all drivers pay their fair share of road funding without deterring the uptake of zero-emissions vehicles.
An
electric-car lobby group – including automotive giants Volkswagen and Hyundai – has launched a fresh attack on the Victorian Government’s plan to introduce a
special tax on electric vehicles.
The Electric Vehicle Council and two dozen other interested parties – such as Uber, Jet Charge and Doctors for the Environment Australia – have published a full page advertisement in
The Age newspaper today calling on the Victorian parliament to vote against the proposed electric vehicle tax, which is due to come into force from
1 July 2021.
forecast
shortfall in tax revenue because electric cars avoid paying fuel excise – a large portion of which goes towards funding roads.