Australia has been a slow adopter on the world stage and EVs comprise about 3.4 per cent of total new vehicle sales – compared with the global average of 8.6 per cent. But things are now moving fast.
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.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Albanese Government relaxes Australia Day citizenship ceremony rulesImmigration Minister Andrew Giles has reversed changes made by the former Morrison government around citizenship ceremonies, in an effort to give councils more flexibility on Australia Day.
Read more »
'Visas in three days' for teachers and nurses who want to come to AustraliaVisas for teachers and healthcare workers are now being assessed within days after the Australian government changed the way it prioritises skilled visa applications.
Read more »
Research project to look into how to foster belonging among African youth in AustraliaBeing the only black girl in the entire year level of her Adelaide high school, Jeanne found it hard to feel a sense of belonging. A new research project is looking at how to improve the situation in education, as well as society as a whole.
Read more »
What the Christmas Day weather forecast is looking like across AustraliaAustralia's major centres face a variety of weather conditions leading up to Christmas Day, and for some lucky cities the rain looks set to clear in time for Santa.
Read more »
US, Australia sign pact to measure environment’s economic valueThe joint pact was announced at the COP15 summit, a global biodiversity meeting that will determine the future of global nature protection and conservation.
Read more »