Best EV for Families — Novated Lease
The best electric vehicles for families, ranked by novated lease value. Costs calculated at $80K salary.
Top 5 EVs for Families
| Rank | Car | Price | Fortnightly | Annual Saving | Why |
|---|---|---|---|---|---|
| #1 | Tesla Model Y | $65,900.00 | $637.69 | $6,503.78 | Largest boot space with 7-seat option |
| #2 | Hyundai Ioniq 5 | $63,000.00 | $609.62 | $6,217.45 | Flat floor, huge rear legroom |
| #3 | Kia EV6 | $67,990.00 | $648.00 | $6,627.54 | Fast charging, family-friendly space |
| #4 | BYD Atto 3 | $47,381.00 | $474.08 | $4,805.86 | Affordable SUV with room |
| #5 | MG ZS EV | $43,990.00 | $438.38 | $4,447.18 | Budget family SUV |
#1: Tesla Model Y
Why it suits families
Largest boot space with 7-seat option
Range: 533 km | Battery: 75 kWh
Novated Lease at $80K
- Fortnightly: $637.69
- Annual saving: $6,503.78
- 5-year saving: $32,518.91
- FBT: Exempt
#2: Hyundai Ioniq 5
Why it suits families
Flat floor, huge rear legroom
Range: 507 km | Battery: 77.4 kWh
Novated Lease at $80K
- Fortnightly: $609.62
- Annual saving: $6,217.45
- 5-year saving: $31,087.27
- FBT: Exempt
#3: Kia EV6
Why it suits families
Fast charging, family-friendly space
Range: 528 km | Battery: 77.4 kWh
Novated Lease at $80K
- Fortnightly: $648.00
- Annual saving: $6,627.54
- 5-year saving: $33,137.71
- FBT: Exempt
#4: BYD Atto 3
Why it suits families
Affordable SUV with room
Range: 420 km | Battery: 60.5 kWh
Novated Lease at $80K
- Fortnightly: $474.08
- Annual saving: $4,805.86
- 5-year saving: $24,029.28
- FBT: Exempt
#5: MG ZS EV
Why it suits families
Budget family SUV
Range: 440 km | Battery: 72.6 kWh
Novated Lease at $80K
- Fortnightly: $438.38
- Annual saving: $4,447.18
- 5-year saving: $22,235.89
- FBT: Exempt
Related Pages
Frequently Asked Questions
What is the best EV for families?
Tesla Model Y is our top pick for families — Largest boot space with 7-seat option.
How much does it cost to novated lease an EV for families?
On an $80K salary, the top-ranked EV for families costs approximately $637.69 fortnightly.
Are all EVs suitable for families?
No. Range, charging speed, boot space, and towing capacity vary significantly. Our ranking considers the specific needs of families to find the best match.
Is an EV better than a petrol car for families?
For most families scenarios, yes. EVs cost 60-70% less to run per kilometre and qualify for FBT exemption on novated leases, saving thousands per year.
What salary do I need for an EV novated lease?
Any salary works, but you see meaningful savings from around $50,000. The sweet spot is $80K-$120K where the 30-37% marginal rate creates significant tax savings.
Want exact numbers for your situation?
Use our full novated lease calculator with your exact salary, car price, and lease term.
Open Novated Lease CalculatorEstimates based on 2025-26 Australian tax rates. Actual savings depend on your employer arrangement, residual value, and exact running costs. Car prices are drive-away estimates and may vary by dealer. This is general information only, not financial advice. Consult a financial adviser for personal guidance.