Should we be getting charged up for Electric Vehicles?

Welcome to Finance and Fury, The Say What Wednesday Edition

Today's question came from Matt and Lucas

Labor's plan for 50% of new cars to be electric by 2030 plus introduce a carbon emissions target for new cars. The Greens have one-upped this.

Today we break down the EV market

• Why they are doing it?
• Talk about the platitudes and promises
• What it will cost?

Why are they doing it?

• Paris agreement to reduce CO2 emissions by 46% per person
• Australia has a growing demand for fuel
• Most Australians travel to work via car
• We don't have the greatest public transport
• What is EV range anxiety?
• How much are EVs?
• Other countries are banning petrol cars
• What are the charge times for these vehicles?

How well do these cars work?

• Transport takes up 18% of greenhouse gas pollution in Australia
• Where does electricity in Australia come from?
• How much CO2 is emitted?
• How much do these electric cars cost?

How will this be done?

• Labor's plan was making car dealers responsible for this
• The majority of cars produce more than 105g of CO2 per kilometer
• What are the savings?
• $200 million investment across Australia
• How is this going to reduce the sales of petrol cars?

Potential pitfalls?

• Introducing a new tax on road usage
• Additional burden on the power grid
• What is the additional cost to Australians for these EVs?
• How much will solar panels help?

Take a step back:

• Naturally, EVs will predictably make up about 50% of car sales in 2030 anyways
• It is an easy election promise to fulfil
• On Monday's episode we went through promises versus policy

Never thought I'd say this:

• Bill Shorten is right about making Australia a manufacturing country again
• But he has contradictory policies
• We aren't competitive because of Lima accords
• What happened with XXXX?
• What are the massive taxes on alcohol?
• I think going towards clean energy production is important
• I think they are focusing on the worst forms of technology
• Why don't we use nuclear?
• The fears around nuclear are greatly exaggerated

Might help to lower emissions:

• Only wealthy people can afford EVs
• Will they be subsidized by the poor?
• How will lower income earners afford EVs?

Summary:

• Great idea, won't be good in practice
• Just another government policy to increase control on your life
• I wish we were done with this topic
• We already mine uranium and thorium for other countries
• I don't see protests for the lithium mines

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