Advertisement
I am philosophically opposed to using scarce taxpayer funds to subsidise private car purchases.
Battery electric vehicles (BEVs) are heavily subsidised in Australia.
Every year, the federal government loses more than $500 million in tax income due to the Fringe Benefits Tax (FBT) exemption for BEVs, a figure that will rise as the number of BEVs on the road grows.
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