50% of new vehicles to be electric by 2030

Bill Shorten has announced an ambitious target to replace 50 per cent of petrol and diesel cars with electric within the decade.

Labor declares the plan as an initiative towards a greener future, working with industry to lift car emission standards to cut pollution and spur innovation.

While the plan has raised concerns by car lovers being able to continue buying the cars they prefer, Labor reassured the plan is aimed at reducing greenhouse gas emissions.

In the year to September 2018, such emissions were about 19 per cent of national carbon pollution at just over 100 million tonnes – roughly equal second along with stationary energy and trailing only the electricity sector, government data shows.

“Cleaner cars and transport aren’t just good for the environment – they are cheaper to run,” Labor said.

“But Australia lags behind our competitor countries, whether it’s in electric vehicle take-up or vehicle fuel efficiency,” the statement said. “We’re at risk of being left behind.”

Tim Washington, founder of electric vehicle charging company Jet Charge, says Australia may not have much of a choice in the matter.

Car manufacturers are essentially at the whim of the world’s three biggest economies, the European Union, China and the United States, whose governments have all enforced strict targets in electric car manufacturing. Washington believes Australia will hit Labor’s target because it’s in line with the rest of the world.

Washington adds electric vehicles may be more expensive on average initially, however believes prices will come down much sooner than 2030.

“We expect to see price parity in the dealership as early as 2024, so that means when you walk into a dealership in 2024, you’ll pay the same for an electric car as you would a diesel or petrol vehicle. But it’s just much cheaper to charge and maintain,” said Washington.

Source: yourmoney.com.au – Will Half of  All New Cars Be Electric By 2030

16 Apr 2019