Yes. ChangeGPS Fringe Benefits Tax supports the Electric Vehicle (EV) exemption that applies from FY2025 (1 April 2024 onwards). The exemption covers zero or low-emission vehicles — including fully electric vehicles, plug-in hybrid electric vehicles (PHEVs), and hydrogen fuel cell vehicles — where the vehicle's base value does not exceed the luxury car tax threshold ($89,332 in FY2025). When an eligible EV is entered in the Motor Vehicle tab with the correct vehicle type and a base value at or below the threshold, ChangeGPS FBT automatically applies the exemption and removes the taxable value for that benefit. Vehicles with a base value above the luxury car tax threshold are not eligible for the exemption and are calculated using the standard statutory formula.
