Advertisement
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.
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
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.
Advertisement