Thinking about a plug-in hybrid but unsure what the new FBT rules mean for your novated lease? Since 1 April 2025, PHEVs are no longer covered by the Fringe Benefits Tax exemption, but there is no need to panic. These vehicles still deliver solid value, low running costs, and great driving range. And with EOFY deals rolling in, buying a PHEV, like the newly launched BYD Shark, could come with serious savings. If you’re weighing up your options, our roundup of the top plug-in hybrid for novated leasing in Australia is the perfect place to start.
This guide highlights standout models that continue to offer strong benefits, even with the recent tax shift. We are talking comfort, performance, and serious fuel savings. Explore our list of Top PHEVs for novated leasing and find the one that fits your lifestyle and budget in 2025.
If you are considering a novated lease and want a vehicle that offers flexibility, efficiency, and potential cost savings, a Plug-in Hybrid Electric Vehicle (PHEV) might be the perfect fit. Here's why:
PHEVs offer the best of both worlds. You get the smooth, quiet ride and fuel savings of an electric motor, plus the backup of a petrol engine when you need extra range. This dual setup is super practical for many drivers, especially those with a mix of short commutes and longer road trips.
Operating a PHEV can lead to lower running costs compared to traditional petrol vehicles. Electricity is generally cheaper than petrol, and many PHEVs can be charged using a standard wall socket, eliminating the need for expensive charging infrastructure.
Driving on electric power reduces tailpipe emissions, contributing to a decrease in your carbon footprint. This is a compelling reason to consider a PHEV for environmentally conscious drivers.
As Australia moves towards greener transportation solutions, owning a PHEV positions you ahead of the curve. It allows you to adapt to evolving infrastructure and regulations while enjoying the benefits of both electric and petrol driving.
Choosing the right PHEV for your novated lease isn’t just about picking what looks good on the lot. Before locking one in, here are a few key things to keep in mind as you weigh up your options.
If your routine involves short trips, you could potentially operate almost entirely on electric power, minimizing fuel usage. However, for longer journeys, the petrol engine provides the necessary flexibility, ensuring you won't be left stranded.
Make sure your charging setup matches your lifestyle. Some PHEVs can be fully charged using a standard power point, while others benefit from faster charging stations. If you can plug in overnight at home or work, you will get more bang for your buck on the electric side of things.
Battery packs can eat into boot space, depending on where they are placed in the car. If you have got kids, a pet, or just like having room for weekend adventures, make sure the model you are eyeing doesn’t sacrifice practicality for hybrid tech.
PHEVs have more moving parts than pure EVs, so reliability matters. Stick with brands known for solid hybrid tech. Also, check the battery warranty, many manufacturers offer 8 years or more, which is a solid reassurance.
If you are weighing up novated lease options, plug-in hybrids should be high on your list. The following are the top PHEVs for novated leasing in Australia.
Mazda’s first-ever plug-in hybrid makes a strong entrance with the CX-60 PHEV. Sitting in the same space as the Audi Q5 and BMW X3, the CX-60 offers a premium driving experience with a touch of Mazda’s trademark flair.
The 2.5-litre petrol engine teams up with a powerful electric motor to deliver a combined 241kW, the most potent Mazda model to date. It is a practical yet luxurious option for novated lease drivers who want performance without compromise.
The MG HS Plus EV Excite offers a 1.5L turbocharged petrol engine combined with an electric motor to produce 190kW, while sipping just 1.7L/100km, ideal for city driving and reducing running costs.
Despite the low price, MG packs it with modern tech, comfort, and a family-friendly layout. It is a great budget-conscious PHEV that still delivers on performance and style for everyday use.
Mitsubishi’s Eclipse Cross pairs a 2.4L petrol engine with a 60kW electric motor, delivering smooth AWD performance and low fuel consumption. The interior is spacious with a versatile boot, while the drive itself feels refined and capable, especially after its 2020 facelift. For those seeking a reliable all-rounder under a novated lease, this is one to watch.
The BYD Sealion 6 Dynamic is a fresh face in the PHEV game, but it is already turning heads. It blends a 1.5L engine and electric powertrain to deliver 160kW of grunt, with an incredibly low 1.1L/100km fuel rating.
It is a sleek five-door SUV that feels futuristic, with clean lines, quiet driving, and loads of tech packed inside. If you are after something stylish, efficient, and forward-thinking, it is an excellent novated leasing option.
If you are after something a bit more rugged but still eco-conscious, the BYD Shark Premium UTE is a game changer. It is a 4x4 plug-in hybrid with a massive 321kW output and still manages an impressive 2.0L/100km fuel rating.
It blends utility and sustainability like no other, ideal for trades, weekend adventurers, or anyone needing serious power wrapped in a clean, modern package.
Ready to turn those car dreams into real-life keys-in-hand moments? With our guide to the Top PHEVs for novated leasing, you are already halfway there. The next step? Let Novated Choice do the heavy lifting. We make it simple to bundle your dream car, running costs and tax savings all into one easy package.
Don’t just scroll through the top plug-in hybrid electric vehicles for novated leasing, get behind the wheel of one. Whether you are eyeing a sleek city commuter or a family-friendly hybrid, we will help you make it yours. Chat with our team today and find out why more Aussies are switching to Novated Choice. Let’s get your journey started.