EV hypocrites run wild

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Scott Maynard, managing director of electric vehicle (EV) maker Polestar in Australia, has called for an end to tax breaks for large four-wheel-drive utes.

Maynard says the fringe benefits tax (FBT) concession “continues to disproportionately serve the sale of dual cab utes and not what I would consider to be a far more progressive style of transportation, which is electric vehicles”.

“Consider that three of the top five selling cars in Australia for the entire first half [of the year] were dual cab utes and their variants”, he said.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.