Claiming Electricity Charging Costs in a novated lease
Claiming Electric Vehicle Charging Costs The ATO has released new guidelines for claiming EV charging costs including a 4.2c per KM shortcut method. Keeping track of home EV charging costs can be quite challenging with so many factors coming into play; energy providers, cost per kWh, on-peak and off-peak tariffs, solar input and output, etc. Not to mention the occasional charge at the local shopping centre or public venue. In the interests of keeping things as simple as possible for our clients, Easi has adopted the shortcut method and will include charging budgets based on this method and your volume of driving. We do appreciate that some of our clients may use public charging facilities as their primary source of charging, incurring real costs greater than 4.2c per kilometre and apologise we can not accommodate multiple methods for claiming. For more information, please visit the ATO website - |
How It works...
Note we'll need you to submit the "Easi EV Charge Claim" form along with a photograph of your odometer reading to process the reimbursement. |
Can I claim the cost of a charge unit or change cables? No. The cost of charge equipment can't be claimed as the ATO considers charge units as personal property and not part of the vehicle. However, if the charge unit is included with the vehicle purchase with no associated cost listed on the invoice, this would be an exception. Note - Those with 3-phase power will enjoy charge rates at a much faster rate. Do I need to install a Level 2 Wall Charge unit? Luckily in Australia we have 240v power outlets and a standard outlet can charge at 10amps on single phase. This adds a respectable 50km or so of range to the typically EV every 4 hours and is perfect for those traveling 20,000kms per year or less. The advantage of a wall charger is they typically charge at about double the rate and provider better options and tracking data, making them a better solution for high volume drivers or families with multiple EVs to charge. Wall chargers range in cost from $900 to over $2,000, depending on the functionality, along with the additional costs of an electrician to install the unit. |