Labor weighs cutting $1.35 billion EV tax break amid inflation pressures
Labor is considering cutting tax breaks for electric vehicles and home batteries to reduce spending as Treasurer Jim Chalmers promotes AI adoption. The EV tax break, costing $1.35 billion this year, has significantly boosted uptake but may be eliminated amid rising inflation. Alternatives are being explored ahead of December’s budget review amid pressures from within and external stakeholders.
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Published 11 Nov 2026, 17:11 UTC · Updated 11 Nov 2026, 17:20 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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