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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

Tax exemption for EV purchases and non-financial support remain in place, after an extension, as the automotive industry is seen as one of the key drivers of economic growth. In addition, China exported over 4 million cars in 2023, making it the largest auto exporter in the world, among which 1.2 million were EVs.

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The electric year ahead: Every new EV coming to Australia in 2024

EV Central

At that price it just sneaks in under the government’s FBT exemption, which allows for electric cars below $89,332 to pay no fringe benefits tax when purchased via a novated lease. Due in the second quarter, the BYD Seal U is available globally as a plug-in hybrid EV (PHEV) and a fully electric model.