Best EV for Students — Novated Lease
The best electric vehicles for students, ranked by novated lease value. Costs calculated at $80K salary.
Top 5 EVs for Students
| Rank | Car | Price | Fortnightly | Annual Saving | Why |
|---|---|---|---|---|---|
| #1 | BYD Dolphin | $38,890.00 | $397.23 | $4,012.05 | Lowest total cost |
| #2 | MG 4 | $38,990.00 | $394.15 | $3,988.27 | Cheap and fun |
| #3 | MG ZS EV | $43,990.00 | $438.38 | $4,447.18 | Affordable SUV |
| #4 | Toyota Corolla Cross Hybrid | $37,990.00 | $457.62 | $929.31 | Bulletproof reliability |
| #5 | BYD Atto 3 | $47,381.00 | $474.08 | $4,805.86 | Good value for money |
#1: BYD Dolphin
Why it suits students
Lowest total cost
Range: 427 km | Battery: 44.9 kWh
Novated Lease at $80K
- Fortnightly: $397.23
- Annual saving: $4,012.05
- 5-year saving: $20,060.25
- FBT: Exempt
#2: MG 4
Why it suits students
Cheap and fun
Range: 450 km | Battery: 64 kWh
Novated Lease at $80K
- Fortnightly: $394.15
- Annual saving: $3,988.27
- 5-year saving: $19,941.35
- FBT: Exempt
#3: MG ZS EV
Why it suits students
Affordable 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
#4: Toyota Corolla Cross Hybrid
Why it suits students
Bulletproof reliability
Novated Lease at $80K
- Fortnightly: $457.62
- Annual saving: $929.31
- 5-year saving: $4,646.53
- FBT: $3,568.78/yr
#5: BYD Atto 3
Why it suits students
Good value for money
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
Related Pages
Frequently Asked Questions
What is the best EV for students?
BYD Dolphin is our top pick for students — Lowest total cost.
How much does it cost to novated lease an EV for students?
On an $80K salary, the top-ranked EV for students costs approximately $397.23 fortnightly.
Are all EVs suitable for students?
No. Range, charging speed, boot space, and towing capacity vary significantly. Our ranking considers the specific needs of students to find the best match.
Is an EV better than a petrol car for students?
For most students 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.