Team Global Express has officially unveiled Australia’s largest electric heavy vehicle fleet, following the arrival of new Volvo electric trucks at its depot in Bungarribee, Western Sydney. The trial, a partnership between Team Global Express and Australian Renewable Energy Agency (ARENA), will see the firm replace a third of its Western Sydney fleet with 60 […]
Tag: Latest News
EV v ICE – novated leasing levels the playing field
Novated leasing has always been a great way to own a new car without needing to save a large amount of cash to make the purchase. Now electric vehicles, thanks to the Electric Car Discount Bill which gives EVs and PHEVs an exemption from FBT, make more sense in a salary packaging arrangement despite the high purchase […]
Would you launch a ute in 2024?
With the debate raging on the National Fuel Efficiency Standards, would you launch a new dual cab ute into the Australian market? Yes, if you’re planning to make it electric. A product development program for any new vehicle begins 6-7 years before the launch. So Kia has been planning this dual can ute for some […]
Toyota bZ4X – not just another electric car for fleets!
Toyota Australia has launched its first electric vehicle in Australia – the bZ4X midsize SUV, which is priced from $66,000 plus on-road costs. The new Toyota BEV model is showing up at the same playground where the Tesla Model Y has been the king of the castle for a long time now, but the Japanese […]
Pricing on Toyota’s first electric car
The all-new Toyota bZ4X SUV has arrived in Australian showrooms, with Toyota’s first BEV introducing a new BEV-specific platform, the latest motor generator and battery technology, and advanced safety and connected technologies. Launching in its latest global specification, the bZ4X draws on more than a quarter of a century of Toyota leadership in hybrid vehicles. […]
Polestar 4 now on sale in Australia
Polestar 4 is now officially on sale in Europe and Australia. Following start of production and first deliveries in China at the end of 2023, online sales commence with a starting indicative price of AUD 81,500[1]. Production is planned to start towards the middle of 2024, with first deliveries expected from August.[2] Polestar 4 transforms […]
Subaru drops price on Solerra EV
Was it price gouging, a pricing alignment, competitive pressure or adapting to government policy? We don’t know yet but earlier today Subaru Australia announced that the prices on the electric Solterra SUV were being significantly cut. The good news for the diehard fans, including Fleet Managers and novated lease buyers, is that the reduction in […]
Will enough PHEVs arrive before March 2025?
The latest VFACTS new car sales results for January 2024 showed a surge in deliveries of Plug-in Hybrid (PHEV) vehicles. Compared to January 2023 it was only an additional 542 vehicles and was similar to last year’s monthly average of 934 vehicles which was helped as the year progressed. Mitsubishi created the local market for […]
CBA backs electric bus rollout
Commonwealth Bank has closed $80 million in asset finance facilities with GoZero Group. The financing is being utilised in part to source and ultimately replace existing diesel school charter coach services with electric buses for independent schools in Sydney, including Queenwood, Knox Grammar and Scots College, through GoZero’s charter business the NSBC Group. Founded in […]
What is FBT and how is it related to novated leasing?
You may not be an accountant, but you need to know about Fringe Benefits Tax and how it applies to a novated lease. (Especially on electric cars) FBT applies to many non-cash benefits an employee gets from their employer, such as entertainment, living-away-from-home expenses, and the private use of a company-owned car. The Australian Tax […]