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Will Aussies be saying goodbye to petrol?

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Amani koala wrote a column · May 18, 2022 22:15
EV sales in Australia are soaring, led by the almost-ubiquitous Tesla Model 3, and more brands and models are arriving in the market.

A surge in demand saw electric vehicle sales in Australia triple last year, to about 20,665, and hasn't relented in 2022, according to Behyad Jafari, chief executive officer of the Sydney-based Electric Vehicle Council.
Source: Bloomberg
Source: Bloomberg
Right now, in Australia, EVs make up only 2% of new car sales. Contrast that with 9% in China and a whopping 65% in Norway. A national election on Saturday could prove pivotal, what are the parties saying in the 2022 election?

1. Liberal-National Coalition: A$250 million Future Fuels Fund should deliver EV charging infrastructure to 50,000 households and fund 1,000 public-charging stations. But there's no sign of financial support for EV purchases.

2. Labor: The party plans to exempt many electric cars from a 5% import tariff, as well as a 47% tax on EVs that are provided by employers to staff for private use.

3. Greens: The Greens have announced plans to implement emissions standards this year, alongside establishing a $150m fund to help expand the network of charging stations for electric cars.

Will we be saying goodbye to petrol? Which party do your support and why?
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    Just an Aussie who’s interested in sharemarket
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