FBT Exempt Vehicles List 2026: Every Eligible Electric Car in Australia
The complete list of FBT exempt vehicles for 2026 — every electric car eligible for the Fringe Benefits Tax exemption in Australia. Updated for the current financial year, including models from BYD, Tesla, MG, Polestar and more. Filter by price, range and brand to find the right EV for your novated lease.
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FAQs
Under Australian tax law, eligible zero or low-emission vehicles (ZEVs) used for private purposes by employees can be exempt from FBT. This incentive has the effect of reducing the cost of electric cars making them more affordable.
The exemption applies to both new and used EVs, as long as they meet the eligibility criteria (emissions, LCT value, and first retail sale after July 1, 2022).
The 2026 FBT exempt vehicles list includes fully electric cars priced below the luxury car tax threshold. Popular eligible models include the Tesla Model 3, Tesla Model Y, BYD Atto 3, BYD Seal, MG4, Polestar 2, and Kia EV6, among others. Use the filter above to browse the full list by price, range and brand.
To qualify for the FBT exemption, the vehicle's value must fall below the luxury car tax (LCT) threshold for fuel-efficient vehicles. For the 2025/2026 financial year, this threshold is $91,387. Vehicles priced above this limit do not qualify, regardless of their emissions.
No. Plug-in hybrid electric vehicles (PHEVs) lost their FBT exemption on April 1, 2025. From that date, only fully battery electric vehicles (BEVs) and hydrogen fuel cell vehicles continue to qualify. If a PHEV was already on a novated lease before that date, transitional arrangements may apply.
The FBT exemption for battery electric vehicles does not have a legislated end date as of 2026. Australian Government has confirmed a three-phase restructure of the EV FBT exemption. The full exemption continues until 31 March 2027. From 1 April 2027, a $75,000 price cap applies. From 1 April 2029, a 25% FBT discount replaces the full exemption for all eligible EVs.