Electric Vehicles

Novated Leasing
Electric Vehicles: Get ‘Motorvated’

Motorvated: That feeling you get when you want to do something good for you and the environment by taking out a novated lease on an eco-friendly vehicle.

At Maxxia, we’re all about supporting our novated leasing customers to help minimise their environmental footprint. In fact, it’s something we can all be “motorvated” about.

One of the ways you can minimise your impact is by choosing a more sustainable, eco-friendly vehicle to drive. Another thing that “motorvates” us is that in the past two years, the number of Maxxia customers leasing eco-friendly vehicles has doubled year-on-year.

If you’re ready to join them, we have access to a huge range of low-emission vehicles through our network to suit most budgets and lifestyles. If you’re not quite ready yet – we thought we’d get back to basics, so you have all the information you need to make a confident choice.

What is an Electric Vehicle?

An electric vehicle (EV) is one that runs at least partly on electricity. While there are several types of EVs, the most common are battery electric vehicles (BEVs), which use no petrol and run solely on the charge of electricity through batteries.

There are also plug-in hybrid vehicles (PHEVs), which use an electric motor foremost but have the ability to tap into a petrol-fuelled engine when the battery runs out of power.

BEVs are easy to spot as they don't have an exhaust pipe. This is because the battery powers the car's motor instead of an engine.

Some Background on EVs

While electric vehicles (EVs) currently account for less than 2% of the overall new car market, trending in recent years combined with industry forecasting suggest this may change dramatically in the coming years.

Indeed, a 2021 industry survey conducted by the Electric Vehicle Council of Australia found that 54% of respondents would consider an electric vehicle for their next car, and 49% see themselves driving an EV by 2030.

Although the EV industry is booming globally – rising by more than 40 percent to 3 million new vehicles sold in 2020, despite a slump in car sales overall – Australia is lagging a little.

So, while Australians have started to adopt EVs and their hybrid counterparts, they remain something of an oddity to many.

Common Myths: Eco-Friendly Vehicles

We respond to five of the most common misconceptions about Electric Vehicles.

"They’re expensive"

While the upfront costs of EVs are currently more expensive than conventional petrol vehicles, powering an EV costs an estimated 70 per cent less per kilometre.

EVs have lower running costs than regular petrol-powered cars, given they have no engine, transmission, head gasket, filters or spark plugs.

Battery EVs also don’t require petrol or diesel. For context, the average Australian drives 15,000 kilometres a year, spending more than $2,000 on fuel. It’s estimated an EV also travelling 15,000 kilometres costs around $600 per year – that’s a $1,400 annual saving.

"You don’t get far on one charge"

According to the Electric Vehicle Council of Australia, current EVs have an average battery range of nearly 480km but with ongoing technology advancements some new models can get to 550km on a single charge.

With the average Australian driving 38 kilometres a day, an EV owner who carries out short trips can go for 10 or more days without needing to recharge.

"There’s nowhere to charge them"

Most new EV sales include an entry-level charger which simply connects to a normal electricity power outlet that you would have at home.

Public charging solutions are available across Australia. The Electric Vehicle Council of Australia website lists all available charging stations around the country, including the type of chargers.

"Charging takes too long"

Charging times are decreasing as technology changes and more EVs hit the market. Entry-level chargers supplied with EVs can take up to 30 hours to full charge a vehicle; this timeframe reduces to overnight with higher capacity chargers available at an optional cost.

Public chargers can be much faster – with super-charge stations adding up to 300 kilometres of range in 10 to 15 minutes, and regular stations often doing the job in less than five hours.

"They’re not as responsive"

EVs can deliver full torque instantly, allowing them to accelerate faster than equivalent combustion engine vehicles.

Got more questions about salary packaging an eco-friendly car? We’ve got you covered.

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What are the potential benefits of Electric Vehicles?

Environmentally friendly

By burning zero – or less – fuel, EVs also emit fewer or no emissions.

Cheaper to run and maintain

Cost typically on average 70% less per kilometre than a petrol -powered car, while servicing costs are less because EVs have fewer moving parts.

Improved comfort

Electric motors are noiseless, making for a quieter and smoother drive.

Renewable energy smarts

Newer EV models can potentially put electricity back into a household or grid, which could help you to save on your energy bills.

Energy security

Help reduce Australia’s imported fuel bill – freeing up funds that can be invested locally instead.

Electric and Hybrid Vehicle Offers

Tapping into Maxxia’s huge buyer network to take out a novated lease on an electric or hybrid vehicle is a win-win: not only do you look after you and enjoy the convenience and potential financial savings of novated leasing, you’ll also be doing your bit for the environment.

The features and potential benefits of a Maxxia novated lease on an eco-friendly vehicle

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Maxxia Marketplace

Don’t limit yourself to one brand’s new-car deals. Leasing an electric or hybrid car through Maxxia could get you access to some of the best deals and manufacturers across the country. You could also save GST on the purchase price and some of your running costs.

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Budget Convenience

Part of your payments come from your pre-tax salary, so your taxable income could be reduced and you may end up paying less income tax throughout the year.

 

 

icon Easy Budgeting
Easy Budgeting

Say goodbye to bill-shock. We’ll work with you draw up a manageable budget covering all your lease repayments and running costs in one regular payment. No more bill-juggling!


 

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Transparency

The Maxxia App lets you check your balances, change your details and allows on-the-go flexibility with claiming.


 

 

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Maxxia Advantage

Maxxia does the heavy lifting for you. We can source your EV or hybrid vehicle and negotiate a great price, manage the paperwork and arrange the finance and any insurances you may require..
 

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Dedicated Support

Enjoy dedicated access to our MyCar Customer Service and Maintenance teams.

 

 

 

 

 

Electric and Hybrid Vehicle Offers

Check out our latest deals.

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Important information: This general information doesn’t take your personal circumstances into account. Please consider whether this information is right for you before making a decision and seek professional independent tax or financial advice. Conditions and fees apply, along with credit assessment criteria for lease and loan products. The availability of benefits is subject to your employer’s approval. Maxxia may receive commissions in connection with its services.