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

Thank for listening, if you want to get in contact you can do so here.

Resources:

Australian Transport emissions – 

https://www.bitre.gov.au/publications/2009/files/wp_073.pdf

 

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