Business
Origin to tap into ‘tipping point’ for EVs – The Australian Financial Review
The energy retailing giant is expanding its push into new energy and aims to get a jump on its rivals in the expected growth area of electric vehicle fleets.
Still, adoption is increasing in Australia as battery costs decline, with the 2019 total of 6718 sales tripling from the previous year in contrast to a 7.8 per cent drop in petrol and diesel vehicles. It is expected to further increase as the range of cheaper models of EVs offered for sale increases and more charging infrastructure is installed.
Citigroup said last month in a report that the real EV arms race has now begun in Europe, where manufacturers will need to double production this year of…
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