Dutton reverses pledge on EV tax break two days after saying he would keep it
- Péter Dutton announced the Coalition will eliminate an electric vehicle tax break to finance increased defence spending, claiming this will save "upwards of $3 billion" in the future.
- The decision is expected to save approximately $3 billion over the forward estimates.
- Richard Marles criticized the lack of funding transparency regarding the announced tax break elimination, stating, "there's no explanation of how they're paying for this, where the money's coming from."
- Dutton proposed a $21 billion funding boost for the Defence Force by 2030, aiming for 3% of GDP in military spending.
27 Articles
27 Articles
'Extremely disappointed': Electric vehicle groups react to Dutton's tax break backflip
Opposition leader Peter Dutton appears to have reversed his stance on a $3 billion tax break for people who buy electric vehicles. Some industry leaders are worried drivers in outer suburbs will be hit worst.
Dutton Clarifies Coalition’s Position After Confusion Over EV Tax Breaks
Opposition Leader Peter Dutton has clarified the Coalition’s stance on electric vehicle (EV) tax breaks after a sharp policy reversal caused confusion. On April 21, Dutton told reporters he had “no” plans to scrap Labor’s fringe benefits tax (FBT) exemption for EVs bought through novated leases—an arrangement where employees lease a car and make payments through their salary, reducing their taxable income. But just days later, the Liberal Party …
New Report: Repealing EV Tax Credits Will Save Taxpayers $300 Billion
WASHINGTON DC (04/24/2025) – Today, the Institute for Energy Research (IER) released a new report, Revenue Estimates for Repealing the Clean Vehicle Tax Credits (30D, 25E, and 45W), outlining how repealing the Inflation Reduction Act’s (IRA) EV subsidies will save taxpayers approximately $300 billion from 2026 to 2035. The report was produced for IER by EY Quantitative Economics and Statistics. IER President Thomas Pyle issued the following stat…
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