Plug in Hybrid Electric Vehicles (PHEVs) are eligible for the FBT exemption up until 1 April 2025.

After 1 April 2025 newly purchased PHEVs will not be eligible to the FBT exemption.

However, those on pre-existing leases are still entitled to the FBT exemption up until the end of their lease, so long as a commitment is made before 1 April 2025.