EV FAQ's

Considering a switch to an electric vehicle (EV)? AANT has all the information you need to understand and navigate the world of EVs. Let's clarify some common queries and highlight the advantages of going electric.

What does an electric vehicle novated lease cost?

An EV novated lease bundles the finance and running costs into one payment from your pre-tax salary. Because you pay before tax and EVs cost less to run, the weekly figure is often lower than people expect. For an exact number, the AANT team can prepare a personalised quote.

How does an electric vehicle novated lease differ from a regular novated lease?

The overall methodology remains the same; however, current government tax incentives make eligible electric vehicles significantly cheaper. With an eligible EV, the entire lease repayment is deducted from your pay pre-tax. In addition, government exemptions on stamp duty and registration costs further reduce the overall cost.

What running costs are included in my lease?

Insurance, registration, maintenance, tyres and fuel costs are all bundled into your lease. Bundling running costs means you budget one predictable amount rather than paying for each cost separately. For an EV, “fuel” becomes charging, which is generally cheaper than petrol.

How do EV running costs compare to petrol cars?

EVs have fewer moving parts, so servicing is usually simpler and less frequent, and charging costs less than filling a tank. In the Territory, where distances can be long, lower running costs can make a real difference.

What electric vehicles are available through AANT?

Different vehicles suit different lifestyles, driving distances and budgets. If you are not sure which EV is right for you, the AANT team can help you compare options, including against a hybrid or petrol alternative.

Can I drive my EV to Litchfield or on longer Territory runs?

Most current EVs comfortably handle daily driving around Darwin and regional centres. For trips like Litchfield, plan where you will charge, the same way you would think about fuel on a long remote drive.

How safe are electric vehicles, and are they a fire hazard?

EVs are crash-tested to the same standards as other new vehicles, and battery fires are uncommon and well below the rate of petrol vehicle fires. Manufacturers build in safeguards to keep the battery within safe limits.

Can EV batteries be recycled?

Battery recycling is expanding as more EVs reach end of life, recovering materials like lithium, nickel and cobalt for reuse. Many batteries also have a second life in energy storage before recycling.

All novated examples are based on a 60-month term, traveling 15,000 kms per annum, and based on an $85,000 annual income. Images are for display and illustration purposes only. Vehicle supply is subject to availability, and pricing may change at the manufacturer's discretion, which could affect the estimated figures listed above. Novated leasing or vehicle packaging works for the employee by substituting a taxable benefit compared to their current personal scenario. The above figures represent the estimated net impact on your income, taking into account the assumed tax and GST savings. All applications are subject to normal credit criteria and assessment, along with loan/lease suitability. Terms, conditions, fees, and charges may apply. It is best to seek financial advice from an independent specialist, such as an accountant, regarding your personal circumstances before solely relying on these figures.

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