luxury car tax australia calculator Petition to abolish australia's luxury car tax for evs, passes 7,800
Luxury car tax thresholds have been a topic of discussion in Australia for quite some time, especially in the context of electric vehicles (EVs). Recently, a petition to abolish luxury car tax for EVs passed 7,800 signatures, highlighting the growing frustration of the public regarding the tax system. The current luxury car tax threshold is set at $68,740 for vehicles that emit more than 7g/km of CO2. Any vehicle that falls above this threshold will be charged 33% tax on the portion of the price above the threshold. However, the tax is waived for cars with a fuel consumption rating of less than 7 litres per 100km. The introduction of the luxury car tax in 2000 was aimed at protecting the interests of the local automotive industry, but many now argue that it is outdated and unfair. In particular, the application of the tax to EVs is seen as problematic, as it discourages the adoption of low-emission vehicles and contradicts the government's goal of reducing carbon emissions. The petition to abolish luxury car tax for EVs specifically targets the Tesla Model 3, which is currently the most popular EV in Australia. The Model 3 falls just above the luxury car tax threshold, meaning that buyers are required to pay an additional $15,000 in tax, making the car significantly more expensive than its petrol counterparts. Abolishing luxury car tax for EVs would not only incentivize Australians to switch to low-emission vehicles but also align with the global trend of promoting sustainable transportation. The government can also look into other measures to encourage the adoption of EVs, such as rebates or tax credits, which have been successful in other countries. In conclusion, the luxury car tax threshold is a contentious issue in Australia, particularly with regards to EVs. The current tax system is seen as outdated and unfair, as it discourages the adoption of low-emission vehicles and contradicts the government's goal of reducing carbon emissions. The recent petition to abolish the tax for EVs is a step in the right direction and highlights the growing frustration of the public regarding the tax system. The government should take note of this and consider alternative measures to encourage the adoption of EVs in Australia. 
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