An elected Coalition Government will repeal Labor’s tax on family cars and utes, ensuring Australians save thousands when buying a new car.
From July 1, under Labor’s family car and ute tax, families and small businesses will be slugged with thousands in extra costs when buying a new car.
Industry estimates show up to $9,700 will be added to the cost of a Toyota RAV4 – Australia’s best-selling car – with up to $14,400 added to the cost of a Ford Ranger – Australia’s best-selling ute.
Industry modelling predicts Labor’s policy will cost $2.7 billion by 2029; a cost that will be passed on directly to consumers.
Shadow Minister for Infrastructure, Transport, and Regional Development, Bridget McKenzie, said the Coalition supports cleaner and more fuel-efficient vehicles, but Labor’s EV-only focus ignores the reality that for many families EVs do not provide the utility in a car they want or need.
“Labor’s policy punishes Australian families and businesses who either don’t want or cannot afford to buy an EV. The fact that Labor’s tax penalises hybrids is proof Labor has got this policy wrong.
“By making petrol and diesel SUVs and utes more expensive, Labor will force families to keep older, less efficient and less safe vehicles on the road for longer,” Senator McKenzie said.
“A Coalition Government will work with industry, not against them, to bring to market the cleanest, most fuel-efficient models of the cars Australians need and want to drive—without punishing consumers with unfair costs.”
Together with our policy to halve the petrol excise for 12 months, saving motorists 25 cents per litre, abolishing Labor’s tax on family cars and utes is part of the Coalition’s plan to reduce the cost of living and strengthen the national economy.
