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From April 1 2025, it, like every other plug-in hybrid (PHEV), will no longer be considered a zero or low emissions vehicle under fringe benefits tax (FBT) law. In recent years, many PHEV sales have been on account of this money saver through a novated lease. 2025 Cupra Formentor VZe Tribe Edition PHEV.
If youre eyeing one of the increasing number of plug-in hybrids arriving on Aussie roads and keen to exploit the fringe benefits tax exemption then act fast! The exemption will continue on for EVs indefinitely, but the April1 2025 cut-off for PHEVs seems destined to stay in place. READ MORE: BYD Sealion 6 under threat!
Well you’re in luck, my friend, for not only are we getting the Ford Ranger and BYD Shark utes in PHEV form in a couple of months, GWM has locked in a plug-in version of its Cannon Alpha pickup for Australia, complete with 110km of EV range. 2024 GWM Cannon Alpha PHEV. 2024 GWM Cannon Alpha PHEV.
03 April 2025 Read next Painful petrol performance in France amid hybrid growth 02 April 2025 Read next Monthly Market Update: Used-car sales pick up speed in March 01 April 2025 Read next How many EV batteries were produced globally in 2024? PHEVs follow suit Plug-in hybrids (PHEVs) also had a positive month. PHEVs took a 7.3%
Here we take a look at how EVs compare to petrol, diesel and hybrid cars. As there are fewer moving parts in an EV compared to a combustion engine, they have lower maintenance costs which can translate to significant savings compared to petrol, diesel and plug-in hybrid electric vehicles (PHEVs). Litre Petrol.
Compare GHG emissions and costs of PHEV and BPEV with those of regular cars. that gasoline engine-generators in SHEVs and PHEVs have the same efficiency relative to diesel. Building on the SHEV drivetrains, they assumed PHEVs with an electric range of 50 km (31 miles) and. TCO of future wheel motor PHEV may. We therefore.
With plug-in hybrid sales on the rise in Australia, Lexus has welcomed the NX450h+ PHEV back on sale Down Under for the first time since March 2023 when a stop sale was placed on the popular SUV. The 450h+ arrives back with PHEV sale sup 100 per cent in 2024, albeit off a small base. The post PHEV boost! Lexus NX 450h+.
In this guide, we help you familiarise yourself with the terms BEV, HEV, PHEV, and ICEV and understand the pros and cons of each vehicle type. . BEVs are better for the planet , emitting 80% less Co2 than an equivalent petrol vehicle in New Zealand. On average, taxed ICEVs will pay around $2,500 on top of their purchase price.
more than half of auto executives involved in the survey feel that battery electric vehicles will have the same driving range as their petrol-fueled equivalents within 6 years.”. Two-thirds (67%) of respondents believe e-vehicles will represent 15% or less of total new car sales by 2025. million in China, 2.5 million in India, 3.8
Fresh data reveals used electric vehicles are now in high demand as buyers look to cash in on low retained values and tax benefits related to novated leasing. The emergence of the Atto 3 and Model 3 contrasts with previous data released by AutoGrab that used EVs were taking longer to sell in Australia than petrol and diesel cars.
Some electric vehicles even qualify for federal tax credits, worth up to $7,500, but these depend on satisfying critical mineral and battery component criteria. Plug-in Hybrid Electric Vehicle (PHEV) PHEVs give you the peace of mind of a backup fuel source. A non-luxury PHEV costs around $25,000 to $35,000. market today.
The BYD Shark 6 is no longer the only plug-in petrol-electric ute hunting diesels, with the 2025 GWM Cannon Alpha PHEV spec and pricing confirmed ahead of an April arrival in Aussie showrooms. 2024 GWM Cannon Alpha PHEV. 2024 GWM Cannon Alpha PHEV. Back on the road the GWM Alpha Cannon PHEV relies on a 180kW/380Nm 2.0-litre
That’s a big deal in the diesel-dominated world of utes, which means the plug-in petrol load lugger has its work cut out for it. litre turbocharged petrol engine. Question marks still hang over the pricing for the BYD Shark 6 PHEV but previous reports suggest it will cost around $60,000. READ MORE: Shark attack!
While demand growth for EVs outstrips traditional petrol and diesel vehicles, buyers still have the upper hand in an Australian used electric vehicle market dominated by Tesla. EV sales grew more than 13 per cent in March, which was substantially faster than petrol, diesel and hybrid vehicles. per cent while PHEVs grew by 8.9
The government estimates the low interest loan could save EV buyers more than $8000 off a $40000 loan with a seven-year term – on top of savings from ending petrol bills. This is significant because PHEVs lose access to the FBT exemption available under the Electric Car Discount from April 1 2025. per cent in 2024.
Audi’s EV fightback kicks off now with the triple motor SQ8 e-tron and upcoming Q4 e-tron that’s primed to take advantage of the generous fringe benefits tax (FBT) exemption. Mannering sees the Q6 e-tron as a crucial model for the brand, one that could tempt some currently buying a diesel- or petrol-powered Q5 to step into an electric car.
The figure does not include plug-in hybrids (PHEVs). Reasons for this substantial 2021 increase in EV numbers include: The UK government’s recent announcement that sales of new petrol and diesel cars and vans will end by 2030 (and sales of plug-in hybrids will end by 2035) has already focused people’s minds on EVs.
Plug-in-hybrid While the aforementioned hybrids only charge their batteries internally, plug-in hybrids (PHEVs) charge their batteries both internally and externally. PHEVs can run as electric vehicles in cities, significantly reducing tailpipe pollution. High government taxes on hybrid cars are the primary cause of high pricing.
The freak volume in December 2022 resulted from one-off pull-forward effects ahead of new policies and auto taxes applying from 2023 onwards. their previous monthly record, ahead of new weight taxes, and VAT taxes. Petrol vehicles also saw a relative sales surge ahead of increased emissions taxes.
The maximum amount offered against the purchase of a new BEV dropped from 7,000 to 4,000 for households whose tax income does not exceed 16,300. Some models will appear expensive compared to their petrol or diesel counterparts. This tax is only applicable on the date of registration but could put buyers off more polluting vehicles.
The Tesla Model 3 (10,600 sales) and BYD Seal (4092) do the bulk of the heavy lifting, but the BMW i4 (1177) comfortably outsells its petrol-powered 4-Series alternative (168) and is tantalising close to outselling the 3-Series (1511). That means diesel and petrol still dominates, accounting for 98.6 That means 49.5
Which battery-electric vehicle (BEV) and plug-in hybrid (PHEV) models have proved popular in the country? Combining BEV and PHEV deliveries, EV sales in Portugal grew by 10% in 2024. This helped the market reach overall growth while petrol and diesel registrations declined year on year. PHEVs jumped from an 8.2%
Yep, the sleek carbon-fibre two-seater utilises an electric motor teamed with petrol propulsion to create the radical McLaren W1 that has more power than an F1 car. Convert it to Aussie dollars, throw in import duty, GST, luxury car tax and stamp duty and you’re unlikely to get much change from $6 million.
plugin hybrids (PHEVs). We can see that BEVs have continued to grow, whilst PHEVs have been squeezed. PHEVs shrunk in volume by some 28%, down to 703 units. PHEVs shrunk in volume by some 28%, down to 703 units. Recall that new tax changes have applied from January 1st. April’s combined share of 91.1%
The January auto market was highly anomalous due to the new year’s introduction of tighter auto emissions and tax increases, which had pulled sales forward into December. plugin hybrids (PHEVs). Due to the anomalous tax discontinuity mentioned above, we have to take January’s picture with a pinch of salt — it doesn’t tell us very much.
Regional inconsistencies EV adoption, including BEVs and plug-in hybrids (PHEVs) is not consistent across Europe. On top of this, TCO is calculated by including any finance and acquisition costs, including registration tax or VAT. Utilisation then covers insurance, energy, service and wear, tyres and any utilisation taxes.
10 February 2025 Read next The Automotive Update: Could PHEV sales continue after 2035 in the EU? This comes at the cost of traditional petrol and diesel engines in their ranges, and registration figures. Petrol falls from grace Both HEVs and MHEVs ended the month very close to petrols total. percentage points (pp).
However, there are bridging technologies available, such as full hybrids (HEVs) or plug-in hybrids (PHEVs). These powertrains emit fewer pollutants than petrol and diesel cars while keeping a similar feel, sound, and experience. Cars can be filled up at an LPG pump, similar to a petrol or diesel vehicle.
German tax break support The German government recently proposed new measures to incentivise electric cars. Companies may soon be able to deduct up to 40% of the value of new BEVs or other qualifying zero-emission vehicles from their tax bill, provided this was the same year of purchase. ‘We Petrol’s share sat at 35.5%, up 7.9pp.
Yet, despite being the second-most-popular powertrain in the market, it was still some way behind petrol. At this point, every new all-electric model registered will be required to pay the tax. The ECS threshold has not been amended since the additional tax was introduced eight years ago. BEVs secured a share of 21.3%
Plug-in hybrids (PHEVs) are thought to bring the best of both worlds – a large enough battery to take care of your daily tasks, paired with a gas engine for longer trips or when you can’t find a charger. For this reason, PHEVs have long been thought of as an ideal transitional technology between gas vehicles and electric ones.
This marks the lowest September total since 2021 , largely due to declining deliveries of petrol and diesel models. Petrol struggles Petrol was the second-worst-performing powertrain in September. September was petrol’s lowest monthly total since December 2022 and the biggest year-on-year volume drop for a month since July 2022.
According to data from the Society of Motor Manufacturers and Traders (SMMT), 34,034 battery electric vehicles (BEVs) and 16,604 plug-in hybrids (PHEVs) were registered in June 2024, increasing 7.4% 1] In comparison to diesel sales, which are down 12% compared to 2023, and petrol sales, which plummeted 7.8% 5] Is the additional £3.71
The maximum amount dropped from 7,000 to 4,000 for households whose tax income does not exceed 16,300. While BEVs struggled, plug-in hybrids (PHEVs) improved by 44.9% Petrols pain Once again, hybrids led Frances automotive market in the monthly figures. Petrols struggles continued in December. in December. market share.
Continuing the company car tax benefits is welcome, but these alone are insufficient to generate the levels of private consumer demand that are mandated. Puzzling PHEV performance Plug-in hybrids (PHEVs) suffered a 3.2% PHEVs were the fastest-growing powertrain across the first 10 months of 2024. It accounted for 18.1%
ICE registrations slip Februarys slide was caused by declines in the petrol and diesel markets. A significant drop in petrol registrations alone accounted for most of the damage. The SMMT combines petrol and diesel mild hybrids with their respective fossil-fuel counterparts. But its market share of 47.4% was down by 9.4
Norway has offered strong incentives for motorists to switch to Electric Vehicles with strong tax incentives for electric vehicles. ICE vehicles are subject to a significant tax, and electric vehicles are exempt from that tax. Sales of Petrol and Diesel car are falling faster that anyone expected. Cliff edge.
This includes strengthening the role of plug-in hybrids (PHEVs) beyond 2035 and recognising the importance of renewable fuels. This includes discounting charging current, maintaining tax advantages for EVs and promoting innovation in battery and charging technology. Combining BEV and PHEV volumes, the EV market improved by 41.6%
plugin hybrids (PHEVs). PHEV 2022 volume was 66,577 units, a YoY fall of 14.5%. Combustion-only powertrains’ (petrol and diesel) share in December fell to a record low of 18.7%, compared to 32.3% December’s bestselling BEV was the Volvo XC40. The full year bestseller was the Volkswagen ID.4. comprised 51.3%
Double-cab pickup tax Last year saw registrations grow in every van-weight class across the 12-month period, with uptake of the largest vans growing by 2.1%, representing 66.3% Last year the government decided to change the tax on double-cab pickups. were diesel models, 2% were petrol, 0.5% were PHEVs and 3.8%
More than a quarter (26.0%) of all cars made in July were either battery electric (BEV), plug in hybrid (PHEV) or hybrid electric (HEV), their highest share on record, and meaning that UK car factories have turned out 126,757 of these important products since the start of the year. Petrol and Diesel combined take 52%. Big Picture.
After all, according to the latest vehicle registration data from the Society of Motor Manufacturers and Traders (SMMT), [1] more than 23,000 battery electric vehicles (BEVs) and 8,900 plug-in hybrids (PHEVs) were sold across the UK in October 2023 alone – six times the number of diesel cars (5,261). 4] Is the additional £3.71
Some may not be able to bring a larger range of BEVs and plug-in hybrids (PHEVs) to market. This means having to reduce supplies of petrol-engine models, which emit higher levels of CO 2. Those carmakers with a smaller ZLEV fleet could benefit from teaming up with a brand that has many BEVs and PHEVs on sale.
of vehicles having a plug, as PHEVs captured an additional 2.7% of vehicles were petrol only. In addition, plug-in hybrid sales tipped that number up to 91.6% of the market. If we expand the definition to electrified vehicles, 5.3% of vehicles were diesel-only, and 0.8% But in Norway, EVs have continued to rise regardless.
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