AUTOMOBILES

Electric vehicles could help ease Australia’s energy instability by sending power back to the grid

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Original article by Peter Hannam
The Guardian Australia – Page: Online : 9-Jul-24

The ACT government is trialling the use of electric vehicles to put power back into the energy grid, with an incident on 13 February showing how that might work. When strong winds in Victoria brought down transmission lines and closed the state’s biggest power station, a fleet of electric vehicles connected to a charger in Canberra began discharging their batteries, sending power back into the grid. As the number of electric cars in Australia increase, particularly those with vehicle-to-grid capability, the nation’s energy grid could be looking at a huge and flexible source of power.

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Over half a million Australians plan to buy a new electric vehicle in the next four years

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Original article by Roy Morgan
Market Research Update – Page: Online : 21-Jun-23

New data from Roy Morgan shows that 548,000 Australians plan on buying an electric vehicle in the next four years. This is equal to 12.5% of all those intending to purchase a new vehicle in this period, and an increase of over 1,230% compared with four years ago. The latest figures show that 61% of those planning to buy an electric vehicle are men, while 39% are women; however, this is a vast change from 2020 when the split was 76% men cf. 24% women. Meanwhile, intention to buy an electric vehicle has more than doubled across all age groups, and more than tripled for all age groups aged 35+. Now 51% of intending electric vehicle buyers are aged 50+ (up 4% points since 2020). The fastest growth in intention to purchase has been for Australians aged 65+, increasing more than threefold (340%) in only two years.

CORPORATES
ROY MORGAN LIMITED

Cheaper electric vehicles could increase uptake in Australia sooner than expected

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Original article by
The Guardian Australia – Page: Online : 25-May-21

The transition towards electric vehicles will present significant challenges to the automotive sector, according to the Motor Trades Association of Australia, in what is its first major review of the sector in four years. The MTAA noted that current uptake of electric vehicles is low, but that this could change if new technologies bring about cheaper prices. The MTAA noted that there were 72,521 businesses operating across the automotive sector at the end of the 2019/20 financial year, while 96.6% of all automotive businesses are small and family-owned enterprises.

CORPORATES
MOTOR TRADES ASSOCIATION OF AUSTRALIA LIMITED

Gupta to make 20,000 Aussie electric cars

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Original article by Simon Evans
The Australian Financial Review – Page: 14 & 18 : 30-Apr-19

British billionaire Sanjeev Gupta has indicated that GFG Alliance will announce further details of its plans to build electric cars in Australia within weeks. Gupta says the company aims to build between 10,000 and 20,000 electric cars in Australia, adding that he is of the view that the nation should be a manufacturer of such vehicles rather than just importing them. He also says the price of electric cars is likely to fall over time as more consumers embrace the technology.

CORPORATES
GFG ALLIANCE, GORDON MURRAY DESIGN, ARRIUM LIMITED, ARCELOR MITTAL SA, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Miners place big bets on copper to cash in on electric car boom

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Original article by Nick Evans
The Australian – Page: 17 & 28 : 16-Apr-19

Morgan Stanley has forecast that over 10 million electric vehicles will be sold each year by 2025, up from 600,000 in 2015. The rise in demand for electric cars has been tipped to lead to a corresponding increase in demand for copper, with electric vehicles needing around four times as much copper as an average-sized petrol-driven car. Rio Tinto is making copper a key focus of its future plans, having forecast a copper shortfall of eight million tonnes by 2020.

CORPORATES
MORGAN STANLEY AUSTRALIA LIMITED, RIO TINTO LIMITED – ASX RIO, BHP GROUP LIMITED – ASX BHP, OZ MINERALS LIMITED – ASX OZL, WESFARMERS LIMITED – ASX WES, AUSTRALIAN LABOR PARTY

Hybrid and fully electric vehicles now considered as serious alternatives to petrol

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Original article by Roy Morgan
Market Research Update – Page: Online : 17-Dec-18

A Roy Morgan Single Source survey shows that 52.2% of Australian drivers would now seriously consider buying a hybrid vehicle, compared with 48.8% a year ago. Interest in buying a fully electric vehicle has increased from 31.6% to 36.2% over the last 12 months. The overall consideration for electric based vehicles (hybrid or fully electric) is now 56.1%, an increase from 52.4% last year and well ahead of the nearest alternative, diesel on 45.5%. Diesel and LPG had been seen as the main alternatives to petrol up to 2015, but both have shown a declining trend over the last three years. Meanwhile, an estimated 77.5% of vehicles currently run on petrol, but this is likely to decline as only 63.7% of drivers say that their next vehicle is most likely have a petrol engine. These are some of the latest results from Roy Morgan’s ‘Automotive Currency Report’, which is based on in-depth personal interviews conducted face-to-face with over 50,000 Australians per annum in their own home, including over 37,000 drivers aged+18.

CORPORATES
ROY MORGAN LIMITED

Kidman powers up with Tesla lithium deal

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Original article by Paul Garvey
The Australian – Page: 19 & 30 : 18-May-18

Kidman Resources has advised that it has secured electric car maker Tesla as a foundation client for its proposed lithium hydroxide processing plant in Western Australia. Growing interest in electric cars has created strong demand for commodities like lithium and cobalt that are used in their batteries. Kidman has indicated that its initial deal with Tesla will run for three years, with the option for two three-year extensions.

CORPORATES
KIDMAN RESOURCES LIMITED – ASX KDR, TESLA INCORPORATED, SOCIEDAD QUIMICA Y MINERA SA, PILBARA MINERALS LIMITED – ASX PLS, GREAT WALL AUTOMOBILE HOLDINGS, BMW AG, VOLKSWAGEN AG, MERCEDES-BENZ AG

Linfox driven to be first adopter of electric truck technology

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Original article by Jenny Wiggins
The Australian Financial Review – Page: 15 : 30-Jan-18

Linfox chairman Peter Fox says the trucking company is keen to investigate the use of electric trucks, particularly for its Armaguard business. Tesla has revealed plans for an electric truck that could run at maximum weight for 500 miles before needing to be recharged. Fox says there would need to be a lot more charging stations available before Linfox could consider using electric trucks, while he does not think that governments should subsidise the use of electric vehicles.

CORPORATES
LINFOX PTY LTD, TESLA INCORPORATED, AUSTRALIAN BUREAU OF STATISTICS, TOLL HOLDINGS LIMITED, AUSTRALIA. DEPT OF INFRASTRUCTURE AND REGIONAL DEVELOPMENT, AUSTRALIAN TRUCKING ASSOCIATION LIMITED, AUSTRALIAN LOGISTICS COUNCIL

Electric car sales boost

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Original article by Ben Potter
The Australian Financial Review – Page: 9 : 6-Sep-17

Electric cars accounted for just 1,200 of the more than one million new cars that were sold in Australia in 2016, The Clean Energy Finance Corporation and Macquarie Leasing are hoping to boost interest in electric cars via a $A100 million leasing program. It is hoped that their partnership will reduce transport’s 93 million tonnes of carbon dioxide emissions by 200,000 tonnes.

CORPORATES
AUSTRALIA. CLEAN ENERGY FINANCE CORPORATION, MACQUARIE LEASING PTY LTD, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, ATLASSIAN CORPORATION PLC, AUSTRALIAN RENEWABLE ENERGY AGENCY

Future lies with autonomous cars: Ghosn

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Original article by Andrew Whire
The Australian – Page: 17 & 20 : 6-Jun-17

Nissan Renault Alliance chairman Carlos Ghosn has rejected suggestions that growth in demand for autonomous and driverless cars will decimate the car industry. It has been claimed that such cars will lead to a significant drop in car ownership as people switch to ride-sharing. However, Ghosn does believe that autonomous cars will comprise a majority of all cars on the road by the end of 2022. He does not forsee much in the way of increased demand for electric cars in Australia without the introduction of government subsidies.

CORPORATES
NISSAN MOTOR COMPANY LIMITED, RENAULT SA, MITSUBISHI MOTORS CORPORATION, VOLKSWAGEN AG, GENERAL MOTORS CORPORATION