in late November, which exempts low- and zero-emission cars from fringe benefits tax, potentially saving buyers around $30,000 over the life of a lease.
EV sales in 2021 hit 6.6 million, according to the International Energy Agency, and more than 8 million are expected to sell in 2022 .Australia lags far behind many other industrialised countries on electric vehicle sales as a proportion of total sales,The world leader is Norway, where, in 2021, 65 per cent of all vehicles sold were electric. It took Norway a decade to go from 1 per cent to 65 per cent EV penetration, largely through aggressive government subsidies.
The entry-level Tesla Model Y – a mid-size SUV – is priced at $72,300 before on-road costs, while a more expensive all-wheel-drive performance model has a starting price of $101,612.The most popular car to sell in Australia this year is the Ford Ranger, with a base model XL Diesel 4x4 selling for about $47,000. They are popular with tradies, city dwellers and country folks. An in-demand sedan such as the Toyota Corolla petrol model generally sells for $25,395.
Given the vast distances between Australia’s major cities, many drivers would be worried about whether they would make it to their next destination before running out of charge. Wait times for some Tesla models are up to a year. UBS analyst Tim Piper says right across the auto industry , demand from buyers was still running about 15 per cent ahead of supply.
Another swing factor to overcome in the electric vehicle industry is the race for the high-tech software that underpins the operation of the vehicle. In a hybrid vehicle, the technology shifts across to being powered by the electric motor when the vehicle is sitting at traffic lights on idle, or travelling at lower speeds.
As Australia shifts to a renewables-fuelled economy, and more solar and wind is used to generate electricity, electric vehicles will become greener overall. But the extra strain on the broader electricity grid by 2050, as most of the population charges their vehicles at home at night, will as a result be substantial.
Nevertheless, some car companies, such as Japanese group Toyota, have been heavily invested in developing hydrogen fuel cell technology for years.In 2021, the Morrison government committed $250 million towards electric vehicle charging infrastructure. But their Future Fuels strategy stopped short of introducing a plan to phase out petrol cars or introduce tax incentives or sales targets for EVs.
That's why Australia need more subsidies. I propose taxpayers pay 30 to 50 per cent towards any new $100k+ EV purchased by rich people.
Going in to business for myself with a fleet of tow trucks Looking for input for a tagline, was thinking something like this.. 'Run out of power? Don't worry, our diesel truck will bring u to charging station and wait while u charge all for only $450/hr' SupportsmallBusiness