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
