Based on the 2025 Novated Leasing Guide, here is a list of electric vehicles under $50,000 drive-away (on-road) costs that are suitable for novated leasing in Australia. These vehicles are all eligible for the FBT exemption, making them ideal for salary packaging and maximising take-home pay.
🔌 EVs Under $50,000 Drive-Away
| Vehicle | Drive-Away Price (On-Road) | Range (WLTP) | Notes |
|---|---|---|---|
| MG MG4 Excite 51kWh | $42,153 | 350 km | Rear-wheel drive, entry-level hot hatch feel |
| BYD Dolphin Dynamic | $42,350 | 340 km | Smart tech, generous warranty |
| GWM Ora Standard Range | $43,810 | 310 km | Retro design, modern features |
| MG ZS EV Excite | $46,709 | 320 km | Affordable small SUV |
| BYD Atto 3 Standard Range | $48,415 | 345 km | Spacious, popular with families |
Source: 2025 Novated Leasing Guide – based on NSW drive-away pricing for private buyers
✅ Why these EVs are perfect for a novated lease:
- FBT Exempt – Save thousands in tax by salary packaging an eligible EV.
- No upfront cost – Vehicle, rego, insurance, servicing, and charging costs are bundled into one easy pre-tax payment.
- Employee benefit that feels like a pay rise – Take home more income without changing your salary.
- Drive a new EV every few years – Keep up with the latest safety and efficiency tech.
💡 Did you know? Switching to a novated lease on a sub-\$50K EV could save you \$4,000 to \$8,000 per year depending on your income and usage. That’s serious money back in your pocket.
📩 Take the first step toward saving – Request a novated lease quote today and discover how salary packaging can get you behind the wheel of an EV sooner, and for less.
