Select Committee on Electric Vehicles – General Submission
Electric vehicles are a very small segment of the Australian automobile market currently, with sales of just over 2000 vehicles last year, in a market with over 1 million annual sales.
However technological and policy progress internationally is likely to see the global market grow significantly, with some predicting annual sales of 30 million electric vehicles in 2030.
Electric vehicles pose significant opportunities to reduce emissions, improve the reliability of the grid and in mining, processing and manufacturing related to battery minerals and vehicle parts. This will all require proper regulation and policy.