Around the world, electric vehicle adoption is increasing and in some countries like Norway, more than 50% of new car sales are EVs. With Australia sitting at below 1%, we are being left behind, which raises the question of how we might go about catching up.
The need to transition our vehicle fleet is clear, with the transport sector accounting for a large portion of our overall emissions. If the nation is to transition to a zero-emission future, on a timeframe like 2050, we need to address this issue quickly. The typical lifespan of a car is are 15 years, which means a ban on ICE vehicles in 2035 would be the absolute latest, to ensure those ICE vehicles are at the end of their life and retired by 2050.
With that as the backdrop, now we turn to what positive incentives the Government (federal and state) could provide to accelerate the adoption of the electric vehicles.
The single biggest factor that stands out right now is the price. While there’s a lot of public education about the range, charging options, lower ongoing costs and minimal servicing, none of that matters unless you can afford to buy an EV.
The cheapest EV on the market in Australia today is the MG ZS EV, with a drive away price of $43,990. While there are plenty of people that buy in the $40-