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Leasing an Electric Vehicle

Go green with Eziway Leasing

Be part of the solution. Eziway encourages our drivers, to investigate a more sustainable approach to driving, by leasing an Electric Vehicle.

The transportation sector contributes up to 17% of Australia's greenhouse gas emissions1, the importance of shifting consumer behaviour to sustainable options is more important than ever. As Australia looks towards a future of advanced driving technology and zero-emission targets, motorists and car manufacturers need to be ready to embrace that electric is the way to go. 

Eziway Car Leasing
Why Electric?
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Reduced Emissions 2

Typically, a petrol car can contribute 125g of C02 per kilometre, comparatively an EV only contributes 57g. The contribution to greenhouse gas emissions, is significantly less and with the introduction of charging through renewable energy sources, emissions can be even further reduced.

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Reduced Running Costs

You can save in more ways than one. Electric vehicles, generally have fewer parts than their standard petrol/ diesel counterparts, which results in fewer items needing to be serviced regularly (i.e. no need to replace spark plugs, filters, and engine oil). Coupled with the cost of EV charging, or a lower fuel consumption on Hybrid vehicles, drivers of these vehicles can see a significant decrease in energy and overall running costs.

Add to this any potential state-based subsidies around Electric Vehicles. With most Australian states and territories looking to further reduce their environmental footprint drivers of these vehicles may see the benefits from initiatives around lower registration rates on EVs – sustainable driving has never been more satisfying.

What types of EVs are there?

An Electric Vehicle refers to cars or other vehicles with motors that are powered by electricity rather than fuel3. There are four primary types of Electric Vehicles:

Battery Electric Vehicles (BEVs)

These are a full-electric vehicle and are powered entirely by electricity. Often referred to as “Plug In” electric vehicles, there power source which is a battery is charged using an electrical outlet and not an internal combustion engine powered by petrol, diesel, or LPG.

Popular Examples: Nissan Leaf, Tesla Model 3

Plug-in Hybrid Vehicles (PHEVs)

Have two power sources and can be put into motion by using an internal combustion engine powered by petrol, diesel, or LPG or the electric motor which is powered by a battery that is charged using an electrical outlet.

Popular Examples: Mitsubishi Outlander PHEV, BMW i-8, Volvo XC40 Recharge

Fuel cell electric vehicles (FCEVs)

Typically fueled by stored hydrogen to power their electric motors, currently provide greater mileage to BEV’s. In Australia, we have seen Hydrogen powered vehicle in commercial applications with Hyundai, Toyota & BMW making inroads and offering these to the passenger vehicle market.

Examples: Toyota Mirai, Hyundai NEXO

Non-plug-in Hybrid Vehicles (HEVs)

These vehicles use the electricity generated by the HEV’s braking system to recharge the battery, often referred to as ‘regenerative braking’ – this option does not allow for external charging of the battery.

Popular Examples: Toyota Camry Hybrid, Toyota Corolla Hybrid

How does Leasing an EV work?

An EV Novated Lease with Eziway is just as simple as everything else. You still get to choose your car, we still get you the most competitive prices, we make setting up your lease easy and you get to sit back and enjoy a new car and the extended savings that come with it.

The main difference is in the fuel. 

If you own a Plug-in Hybrid or pure EV, you won't be issued a fuel card. Instead, you can claim the cost of charging your vehicle up at a station or claim the cost of electricity if you have a charging station at home. To claim this usage, you must provide a receipt, or your home station must be installed on a separate meter.

Costs associated with installation or access to a station are not able to be claimed but be sure to ask about state-based subsidies for the installation of a charging station.

Eziway Car Leasing
Our Electric Favourites
KIA NIRO
UP TO
$$$
OFF RRP
car
FROM $574.40 per Fortnight*
Save $6,944.00 in tax savings over a 5 years lease*
Get A Quote
NISAN LEAF
UP TO
$$$
OFF RRP
car
FROM $469.75 per Fortnight*
Save $6,367.00 in tax savings over a 5 years lease*
Get A Quote
MG HS PHEV
UP TO
$$$
OFF RRP
car
FROM $435.00 per Fortnight*
Save $6,092.00 in tax savings over a 5 years lease*
Get A Quote
Frequently Asked Questions
Depending on your usage and your main requirements this may vary. Generally, pure Electric Vehicles are currently better suited to someone who takes short trips and has easy access to both public and private charging stations. As pure EVs don't require fuel, you need to charge the battery at regular intervals and for someone who commonly takes longer trips, a Hybrid option prove more desirable. Their flexibility to use both electric and petrol-powered components of the car, remove the need to pre-plan charging station stops on long trips.
At the purchase of an EV, most manufacturers will provide a basic charger with will connect to home electricity power outlet. However, at an optional cost you can install or purchase advanced chargers – please note these cannot be packaged as part of your lease but state-based subsidies for the purchase may be available.
You can also gain access to public charging solutions; your manufacturer may provide you with a list of public chargers compatible with your car, some of which are free to use.
Basic chargers that are provided with the purchase of your EV can take up to 30 hours to gain a full charge. Higher capacity chargers, you may see a more than 50% decrease in charging time. With advanced battery technology and continually evolving improvements, these charging times will lower significantly over time. 
The Saturday grocery shop just got more convenient. There are many public chargers available that prove to have a much faster charging time, most of which are situated in shopping precincts, this could prove a convenient alternative if you live in metropolitan areas around Australia.
For the daily commuter and short trips some EVs can drive for 500KMs or more on a single charge with this range capacity, only planned to increase in newer models. If you are heading off on any road trips, you'll probably like to pre-plan charging stops just in case.
Just like any other car, towing capacity is specific to model and type. One of our favourites is the Hyundai Ioniq 5 (with the long-range battery), it has a towing capacity of 1600KG, more than enough for a trailer or light caravan.
Charging your electric vehicle at an EV Charging station versus filling up your car at the petrol station is significantly cheaper, especially considering that there are many free electric chargers out there as well. For example, if we take the Hyundai Ioniq 5 vs the Mazda CX-3 (Similar Sizes) – the Hyundai offers a 72.6Kw Battery, at a charge rate of $0.60/KM it would cost the Hyundai $43.56 to fully charge. The Mazda has a 48L tank and at the cost of $1.55/L, it would cost the Mazda $74.40 to fill up.* 

* This depends on current fuel/ electricity prices as in indicative only, range and use of car will determine cost.  
The initial cost of an electric vehicle is higher, however, the competitive nature of the market is already making EV's cheaper to buy. Electric Vehicles are much more economical to run, with the cost to charge, far cheaper than the cost to fill up at the petrol station. In addition to this, servicing and maintenance are far less due to fewer components in the car.
One of the main reasons to choose an electric vehicle is to reduce your carbon footprint. A petrol car contributes 125g of C02 per kilometre, comparatively an EV only contributes 57g. Sustainability is the number one reason manufacturers and consumers are choosing electricity over petrol.
You can package electricity costs within your EV novated lease. You must be able to demonstrate specifically - through a separate smart meter installed in your home, or by purchasing a fast, in-home charger with the metering included within it – how much electricity is used to charge your car and how much it costs. 
Yes, electric cars need to be serviced regularly, some servicing elements such as tyres and brakes will remain the same as a petrol car but due to fewer moving parts within an EV, servicing costs may be less in comparison.
Insuring your EV is the same as insurance for any other vehicle.
For paid public chargers, you will usually pay for these using a credit card, make sure to keep the receipts from these stations and claim them through your MyEziway Account App or online using the Eziway Portal. Please note that some public chargers are also free to use, generally ones located at shopping centres.
References:
1: https://www.aph.gov.au/
2: https://discover.agl.com.au/
3: https://arena.gov.au/