What's slowing the transition to EVs in Australia?
You’re in the market for a new car. You’re a forward thinking, environmentally conscious individual, so you buy a brand new electric vehicle. It’s not a small amount of money you decide to part with either - the most affordable electric cars in Australia are still upwards of 45k. Luckily the Australian government is on your side - they introduced legislation last year to help knock a bit off the price of cars.
But you’re happy with the decision. For one thing - you’re not paying what you used to in fuel. But because you’re not buying petrol anymore, you’re not paying fuel excise. The collection of which the states rely on to pay for the wear and tear of their roads. But the Victorian government decided to step in. Facing a shortfall with fuel excises - it decided to introduce legislation to target EVs. For every kilometre you now travel on the roads in Victoria - you have to pay 2.6 cents.
Today Sascha is joined by MLex Senior Correspondent Laurel Henning, to talk about why Australia has been so slow in the update of EV vehicles.
Tell us what you think of The Dive - email us at thedive@equitymates.com. Follow our Instagram here, or find out more here. Stay engaged with the Equity Mates community by joining our forum.
In the spirit of reconciliation, Equity Mates Media and the hosts of The Dive acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today.
*****
This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives.
Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional.
Equity Mates Media operates under Australian Financial Services Licence 540697.
The Dive is part of the Acast Creator Network.
Hosted on Acast. See acast.com/privacy for more information.
Create your
podcast in
minutes
It is Free