Governments around the world offer incentives to support electric vehicles. Australia does not. This paper examines how we can boost electric vehicle sales – in four proven, low-cost ways.
There is a race to transition the world’s massive car fleet to electric vehicles and Australia is falling behind. Technological improvements make electric vehicles more affordable – particularly the price of lithium-ion batteries, which fell 93% between 1995 and 2014. But there are structural impediments to Australians taking advantage of the increasing affordability of electric vehicles.
This paper will look at policies that Australian governments can implement to overcome these structural barriers. If governments act now to support the development of the market, financial and environmental benefits will flow.