Best EV for Towing — Novated Lease
The best electric vehicles for towing, ranked by novated lease value. Costs calculated at $80K salary.
Top 5 EVs for Towing
| Rank | Car | Price | Fortnightly | Annual Saving | Why |
|---|---|---|---|---|---|
| #1 | Ford Ranger | $55,990.00 | $688.38 | $1,485.66 | 3,500 kg tow rating |
| #2 | Tesla Model Y | $65,900.00 | $637.69 | $6,503.78 | 1,600 kg braked towing |
| #3 | Kia EV6 | $67,990.00 | $648.00 | $6,627.54 | 1,600 kg braked towing |
| #4 | Hyundai Ioniq 5 | $63,000.00 | $609.62 | $6,217.45 | 1,600 kg braked towing |
| #5 | Mazda CX-5 | $42,990.00 | $534.54 | $1,190.52 | 2,000 kg braked towing |
#1: Ford Ranger
Why it suits towing
3,500 kg tow rating
Novated Lease at $80K
- Fortnightly: $688.38
- Annual saving: $1,485.66
- 5-year saving: $7,428.30
- FBT: $5,259.70/yr
#2: Tesla Model Y
Why it suits towing
1,600 kg braked towing
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
#3: Kia EV6
Why it suits towing
1,600 kg braked towing
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: Hyundai Ioniq 5
Why it suits towing
1,600 kg braked towing
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
#5: Mazda CX-5
Why it suits towing
2,000 kg braked towing
Novated Lease at $80K
- Fortnightly: $534.54
- Annual saving: $1,190.52
- 5-year saving: $5,952.58
- FBT: $4,038.48/yr
Related Pages
Frequently Asked Questions
What is the best EV for towing?
Ford Ranger is our top pick for towing — 3,500 kg tow rating.
How much does it cost to novated lease an EV for towing?
On an $80K salary, the top-ranked EV for towing costs approximately $688.38 fortnightly.
Are all EVs suitable for towing?
No. Range, charging speed, boot space, and towing capacity vary significantly. Our ranking considers the specific needs of towing to find the best match.
Is an EV better than a petrol car for towing?
For most towing 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.