Updating commercial and Government fleets to consist of electric cars is said to amplify private sales, as the cars, after use, along with the emissions regulations, would hit the second-hand car market sooner rather than later. This strategy has already worked in the United States and Europe.
By the mid 2020s, EVs in Australia are expected to be on a par with petrol cars in terms of price.
A new analysis, by Ernst & Young for the Electric Council, found that the Australian economy would be boosted by the uptake of EVs, receiving a net benefit of $8,763, including a Government revenue benefit of $1,370, per driver who switches to an EV – over a 10 year period.
This analysis illustrates that the average Australian EV driver in fact pays more federal and state tax charges than the average combustion engine driver, despite not having to pay fuel tax.
Additionally, more EV drivers would mean a decrease in pollution and improving the respiratory health of Australia’s population as a whole.
The new federal budget incentives may very well be a blessing for the Australian economy.
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