High Fuel Prices? Switch to an Electric Vehicle with RemServ Novated Leasing 

With fuel prices continuing to rise, more drivers across the country are turning to electric vehicles to ease the pressure on their wallets. 

New data reveals that the typical Australian spends nearly $90 each week* on fuel, or more than $4,500 a year. 

Making the switch to an electric vehicle could slash this cost. For example, an EV covering 12,000km annually costs around $500 a year to charge** – just $10 per week. 

That’s an annual saving of roughly $4,000 to household budgets – and with fuel prices continuing to climb that number could keep growing. 

Steer towards more affordable driving 

EVs have steadily become a practical and sustainable choice for drivers looking to save money and reduce their environmental impact, and the shift isn’t limited to high earners. 

A recent survey of more than 1,200 workers*** found that middle-income workers (earning $40,000 to $79,000) are seeing real financial benefits by switching to EVs, changing the way people think about affordability. 

RemServ CEO Antonia Albanese says the way Australians view EVs have changed significantly: “For years, EVs were seen as something only the wealthy could afford. But what we’re seeing now is a shift in who’s buying them, and why. It’s people who aren’t chasing status or making an environmental statement, but who simply want to make their budgets go further.” 

Sixty percent of surveyed EV drivers reported reduced transport costs after moving from petrol or diesel vehicles. The findings are supported by the Electric Vehicle Council’s second EV Ownership Survey, which shows that over 70% of drivers save more than 60% on fuel compared to their previous petrol cars, while 73% spend less than $300 annual on maintenance.  

Many EV drivers also say they experience less strain from overall living costs, largely because their monthly expenses are predictable and no longer affected by fluctuating fuel prices.  

Government discount drives EV growth 

Then there’s the Federal Government’s Electric Car (EV) Discount, which lowers the cost of eligible EVs by exempting them from Fringe Benefits Tax – up to the Luxury Car Tax threshold of $91,387. 

With many drivers able to pay for EVs with pre-tax dollars, payments on some EVs are now similar to ICE vehicles worth thousands less.   

Disclaimer: Both based on annual $90,000 salary, an annual distance travelled of 15,000kms and a 5-year lease term.^   

Since December 2022, when the Discount came into effect, the number of EV models available in Australia has jumped from 56 to over 160⁺. New EV sales have also surged, growing from just 2% of the market to more than 12% by the end of 2025^#. 

Want to learn more about how the EV Discount and how novated leasing could help you save? You'll want to watch this video. 

How much could an EV save you?  

Ready to switch to electric? View our latest deals here, and get your estimated savings here.    

*MMS data (period 1/10 - 31/12/2025)   

**Electric Vehicle Council   

*** MMS survey of EV drivers 

⁺Treasury   

^#Electric Vehicle Council State of Electric Vehicles 2025   

^{^}Displayed price based on an annual $90,000 salary, an annual distance travelled of 15,000kms and a 5-year lease term. Please refer to remserv.com.au/vehicle-offers for full assumptions, terms and conditions.   

*Novated Lease example: The estimated potential tax benefit is over the full-term of the lease, is exclusive of GST and is based on the assumption that you would salary package using Employee Contribution Method (ECM) or Fringe Benefits Tax Exempt Method. The Fringe Benefits Tax Exempt Method is only used for eligible electric vehicles under the luxury car tax threshold of $91,387. Payment includes: Your car payments, fuel or charging, registration, tyres, insurance, scheduled servicing, fleet management fee and are exclusive of GST. The estimated annual benefit will vary depending upon salary, employment circumstances, selected benefits and applicable tax treatment. The example assumes you earn $90,000 a year, a 5-year lease term, an annual distance travelled of 15,000kms and a 28.13% residual value. GST of 1/11th is payable on your ECM contributions. State Stamp Duty rates apply. PAYG tax rates effective 1 July 2024 have been used. 

Things you need to know: This general information doesn't take your personal circumstances into account. Please consider whether this information is right for you before making a decision and seek professional independent tax and financial advice. Conditions and fees apply, along with credit assessment criteria for lease and loan products. The availability of benefits is subject to your employer’s approval. RemServ may pay and/or receive commissions in connection with its services.     

Remuneration Services (Qld) Pty Ltd | ABN 46 093 173 089 (RemServ)