Geely Starray EM-i 2027 Upgrade: What PHEV Buyers Need to Know
Geely's Starray EM-i gets a bigger battery and more range for 2027 — but also a higher price. Here's how novated leasing stacks up for this PHEV SUV.
Geely Auto has updated its Starray EM-i plug-in hybrid SUV for the Australian market, bringing a larger battery option and extended range to the 2027 model — alongside a higher price tag. According to EVcentral AU [Source 1], the upgrade positions the Starray EM-i as a more capable PHEV in an increasingly crowded segment.
If you're considering a PHEV SUV and wondering whether a novated lease makes sense, the Starray EM-i update is worth paying attention to. A bigger battery generally means more all-electric kilometres — and that has real implications for how the ATO treats the vehicle and how your salary packaging works out.
What this means for novated lease customers
Here's the honest picture on PHEVs and novated leasing right now. Pure battery electric vehicles (BEVs) under the luxury car tax threshold are exempt from FBT under the current electric car discount rules — a significant benefit. PHEVs like the Starray EM-i do not qualify for that FBT exemption, which means they're treated more like a conventional petrol car under a novated lease structure.
That doesn't mean a novated lease on a PHEV is worthless — pre-tax deductions still reduce your taxable income, and GST savings on the purchase price still apply. But the headline FBT-free benefit that gets thrown around in EV marketing does not extend to plug-in hybrids as the law currently stands. If the government changes this down the track, we'll update this page.
The price increase on the 2027 model is also worth factoring in. A higher drive-away price means higher lease repayments, and depending on your income and employer arrangement, the numbers may look different compared to a lower-cost BEV alternative. Use the millarX calculator to run your specific scenario before making any decisions.
Common questions
Is the Geely Starray EM-i FBT-exempt under a novated lease?
No. The FBT exemption for electric cars applies to battery electric vehicles (BEVs) and hydrogen fuel cell vehicles only. PHEVs like the Starray EM-i are not covered, so standard FBT rules apply. This is consistent with current ATO guidance.
Can I still save money novating a PHEV?
Yes, but the savings are more modest than a BEV. You still benefit from pre-tax lease repayments, GST savings on the vehicle purchase, and pre-tax fuel and running costs. The FBT component is an additional cost your employer or you need to account for.
What is the Geely Starray EM-i 2027 upgrade about?
According to EVcentral AU, the 2027 model receives a larger battery option and increased electric range, along with a higher price compared to the outgoing model. Full pricing and specs should be confirmed with Geely or an authorised dealer.
Could PHEVs become FBT-exempt in the future?
It's possible — there has been industry lobbying for PHEV inclusion — but as of now the legislation does not cover them. millarX will update its guidance if the rules change.
How does a novated lease work on a new Chinese brand vehicle?
The brand of the car generally doesn't affect whether you can novate it. What matters is that your employer offers novated leasing and the vehicle meets lender criteria. millarX can confirm eligibility for specific models.