Resale value is one of the biggest worries buyers raise about EVs. The idea is that electric cars lose value faster than petrol or diesel cars, so you end up worse off when you sell.
Used EVs are getting cheaper and easier to find. In September 2026, EVs priced under $35,000 made up 26% of the used EVs sold in Australia, double the share from a year earlier, according to Carma’s latest market report. Almost half of them have never had an owner, though, because they are dealer demonstrators, and that changes how you should compare them on a novated lease.
Australians are warming to electric vehicles faster than many expected. New research from NRMA Insurance shows interest in EVs has climbed sharply in two years, and millennials are leading the charge.
This list covers the best seven-seat electric vans and people movers in Australia that qualify for the fringe benefits tax (FBT) exemption on a novated lease. Each one suits a different buyer: the best all-rounder, the best luxury value, the best to drive and the best budget option.
The EX5 has become one of Australia’s most popular EVs. The EX5 (10,737) is the third best-selling EV in the country behind the Tesla Model Y (31,454) and BYD Sealion 7 (17,277). The Geely EX5 Extended Range Inspire costs $45,990 before on-road costs, or roughly $48,500 to $51,000 drive-away depending on your state and dealer. It’s a mid-size electric SUV, and the 2026 update brings a bigger 68.4kWh battery and more range than the launch model.
Resale value is one of the biggest worries buyers raise about EVs. The idea is that electric cars lose value faster than petrol or diesel cars, so you end up worse off when you sell.
The Hilux BEV is Toyota’s first electric ute for Australia. It will suit fleet and government buyers running predictable, depot-based routes or tradies who have moderate towing and payload requirements with a regular place to charge.
Electric vehicles are growing quickly in Australia, with more people making the switch each year as prices fall and more models become available. Global events since the start of the year have further accelerated interest in EVs, adding momentum to an already rapidly growing market.
Chattel mortgages are one of the most common ways Australian businesses finance vehicles. They offer ownership from day one, predictable repayments, and a range of tax benefits that standard car loans do not. For businesses already using this product, the question is increasingly becoming: does it make sense to finance an electric vehicle on a chattel mortgage?
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