Business
What’s stopping the wheels turning on electric cars in Australia?
Experts say Australia is in a position to benefit hugely from the electric car revolution.
With an abundance of lithium, cobalt and nickel miners listed on the ASX, we certainly have plenty of resources to produce electric vehicles – right here in our own backyard.
A report by the Electric Vehicle Council in September 2020 found that replacing a traditional petrol or diesel vehicle in Australia with an electric car could generate a net government revenue of 1.1 cents per kilometre driven.
So what’s stopping Australia from chasing (or, in the case of Victoria, increasing taxation on) an electric dream?
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