Electric vehicles: report

Electric vehicles (EVs) are at the forefront of a major transformation of the world's transport sector. Global EV sales are growing rapidly, driven by government policy in large consumer markets in Europe, Asia and North America. Vehicle manufacturers are leading the transition, investing heavily to expand their EV offerings and improve EV driving range and performance. The technological disruption is also providing opportunities for new business models and companies to emerge. EV uptake in Australia lags behind that of other comparable countries due to a relative absence of overarching policy direction from Australian Governments. The higher upfront cost of EVs, concerns about driving range, lack of recharging infrastructure, and limited model availability are key factors hindering consumer uptake. In the Committee's view, widespread use of EVs in the Australian transportation fleet would deliver significant economic, environmental and health benefits to Australian consumers and society. It would also create new opportunities for Australian industry. There would be challenges associated with increasing EV uptake, but they can be managed with well calibrated regulatory settings. The Committee heard evidence that traditional automotive businesses are already pursuing opportunities in EV component manufacturing and assembly. New industries, such as charging infrastructure manufacturing and installation, battery manufacturing, recycling, repurposing and related mining and processing activities, and EV research and development are also emerging as growth sectors for the Australian economy. In the absence of appropriate regulatory settings, Australia's near term EV uptake is likely to be modest. Slow uptake will continue to result in EV manufacturers not prioritising the Australian market and fewer EV models being available to Australian motorists. It will also delay the realisation of substantial economic, environmental and health benefits, and risk seeing opportunities for economic development pass by.

Language

  • English

Media Info

  • Pagination: 180p

Subject/Index Terms

Filing Info

  • Accession Number: 01696281
  • Record Type: Publication
  • Source Agency: ARRB
  • ISBN: 9781760108885
  • Files: ATRI
  • Created Date: Feb 26 2019 2:25PM