In a move to encourage more Australians to transition to lower-emission and electric vehicles (EVs), is changing the definition of a ‘fuel-efficient vehicle’ under the Luxury Car Tax (LCT).
Treasurer Jim Chalmers announced the decision this week as part of the government’s Mid Year Economic and Fiscal Outlook (MYEFO).
From July 1, 2025, the definition of a fuel-efficient vehicle will change to one with a maximum fuel consumption of 3.5 litres per 100km, down from 7.0…
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