ELECTRIC VEHICLES – AUSTRALIA

Dutton in U-turn on EV tax break

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Original article by Jack Quail, Greg Brown
The Australian – Page: 5 : 24-Apr-25

Opposition leader Peter Dutton issued a statement on Wednesday in which he committed to scrapping the fringe benefits tax exemption for people who buy electric vehicles. Dutton stated that abolishing the "badly designed" electric car subsidies will generate up to $3bn worth of savings over the forward estimates period and $23bn over the medium-term. However, Dutton had explicity ruled out abolishing the tax break on Monday. A Coalition source has suggested that Dutton might have misheard the question about the tax break on Monday. Dutton had previously backflipped regarding the Coalition’s policy of requiring federal public servants to return to working in the office full-time.

CORPORATES
LIBERAL PARTY OF AUSTRALIA

PM drives $1bn tech fund

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Original article by Geoff Chambers
The Australian – Page: 1 & 7 : 10-Nov-21

The federal government will establish a low-emissions technology commercialisation fund as part of its push for carbon neutrality by 2050. The $1bn fund will investment in Australian start-ups and businesses that are focused on emerging technologies such as carbon capture and storage. The government will contribute $500m to the fund, and it will seek a matching contribution from the private sector. Prime Minister Scott Morrison has also launched a new strategy aimed at encouraging Australians to buy electric vehicles; he had criticised Labor’s proposed target for annual electric car sales during the 2019 election campaign.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Rising numbers of Australians looking at Electric and Hybrid vehicles for their next set of wheels

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Original article by Roy Morgan
Market Research Update – Page: Online : 29-Aug-19

New data from Roy Morgan shows that 1,383,000 Australians aged 14+ are looking to drive a hybrid vehicle, and 537,000 are intending on driving an electric vehicle, as their next car (either new or used). The number of Australians looking to drive a hybrid car as their next vehicle has increased by 341,000 since June 2018, and the number of consumers intending to drive an electric vehicle has increased by 125,000. When looking specifically at those intending to purchase an electric vehicle within the next four years, some 92,000 Australians intend on purchasing a used electric vehicle, up from 53,000 as of June 2018 (an increase of 39,000). However, the opposite trend was apparent for those looking to purchase a new electric vehicle within four years. As of June 2019, a total of 49,000 Australians were looking to buy a new electric vehicle, compared with 57,000 as of June 2018 (a decrease of 8,000). These are the latest findings from the Roy Morgan Single Source survey, derived from in-depth face-to-face interviews with 1,000 Australians each week and over 50,000 each year.

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ROY MORGAN LIMITED

Electric car transition unstoppable: Labor

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Original article by Richard Ferguson
The Australian – Page: 2 : 28-Aug-19

The federal government will contribute $15m to the cost of building 48 electric vehicle charging stations in the eastern states. Meanwhile, shadow energy minister Mark Butler has doubled down on his recent comments regarding Labor’s election policy on electric vehicles, stating that the transition to electric cars is "unstoppable". Butler has maintained that Labor’s target for electric vehicles to account for 50 per cent of new car sales by 2030 was ambitious but "very sensible".

CORPORATES
AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, AUSTRALIAN LABOR PARTY, ABMARC

Rising numbers of Australians looking at Electric and Hybrid vehicles for their next set of wheels

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Original article by Roy Morgan
Market Research Update – Page: Online : 20-Aug-19

New data from Roy Morgan shows that 1,174,000 Australians aged 14+ are looking to buy a hybrid vehicle, and 438,000 intend to buy an electric vehicle as their next car purchase, either new or used. The number of Australians looking to buy a hybrid car as their next vehicle has increased by 553,000 since June 2018, and the number of consumers intending to buy an electric vehicle has increased by 200,000. When looking specifically at those intending to purchase an electric vehicle within the next four years, some 61,000 Australians intend to purchase a used electric vehicle, up from 28,000 as of June 2018. However, the opposite trend is apparent for those looking to purchase a new electric vehicle within four years. As of June 2019, a total of 37,000 Australians were looking to buy a new electric vehicle, compared with 45,000 as of June 2018. These are the latest findings from the Roy Morgan Single Source survey, derived from in-depth face-to-face interviews with 1,000 Australians each week and over 50,000 each year.

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ROY MORGAN LIMITED

EV rollout threat to power grid

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Original article by Ben Packham
The Australian – Page: 4 : 5-Apr-19

Energy Networks Australia has used a submission to a Senate inquiry to warn that the nation’s electricity grid may not be equipped to cope with the growing use of electric vehicles. The peak energy network body argued that incentives will be necessary to encourage consumers to recharge their electric cars during off-peak periods. Labor recently announced that it will require electric vehicles to account for 50 per cent of new car sales by 2030 if it wins the upcoming federal election.

CORPORATES
ENERGY NETWORKS AUSTRALIA, AUSTRALIAN LABOR PARTY, INFRASTRUCTURE PARTNERSHIPS AUSTRALIA, COUNCIL OF AUSTRALIAN GOVERNMENTS, AUSTRALIA. DEPT OF THE TREASURY

ALP plan reignites carbon wars

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 6 : 2-Apr-19

Prime Minister Scott Morrison has criticised Labor’s proposed baseline and credit scheme, describing it as a "massive tax on jobs" that will force affected companies to spend $35bn to buy offshore carbon credits. However, the Greens argue that the scheme does not go far enough, and it should cover a broader range of industries. Greens MP Adam Bandt adds that allowing the use of international carbon permits will delay Australia’s transition to 100 per cent renewable energy. Morrison has also criticised Labor’s 2030 target for electric vehicles to comprise 50 per cent of new cars that are sold in Australia.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, AUSTRALIA. DEPT OF THE ENVIRONMENT AND ENERGY, THE AUSTRALIAN INDUSTRY GROUP, BUSINESS COUNCIL OF AUSTRALIA, MINERALS COUNCIL OF AUSTRALIA

It’s Official: Majority would consider a hybrid

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Original article by Roy Morgan
Market Research Update – Page: Online : 16-Jul-18

A Roy Morgan Single Source survey has found that 51.6% of Australians aged 18+ "would seriously consider buying" a hybrid vehicle, compared with 48.7% three years ago. The greatest growth over the last three years came from interest in fully electric vehicles, which increased by 9.7ppts to 36.2%. Consideration for electric-based vehicles (hybrid or fully electric) increased by 4.2ppts to 55.7%. These are 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