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Shortcut Method

This claiming option, which became available via ATO legislation on 1 April 2024, allows eligible EV customers to claim 4.2 cents per km for home-charging their battery EV.

If you're charging mostly at home and don't have a dedicated fast charger or separate meter, this is a simple and easy way to access your EV charging benefit.

To work out your claim amount, multiply the dollar amount (0.042) by the number of kilometres driven over the Fringe Benefits Tax (FBT) year, which runs from 1 April to 31 March.

For example, driving 15,000 kilometres within one FBT year would equate to a claim of $630 (15,000 x 0.042).

^{Note: The shortcut method only applies to novated leasing vehicles that are solely fueled by electric power. The shortcut method is not available for Plug-in Hybrid Electric Vehicles (PHEVs).}