Tipping point for electric vehicles as sales boom

Tax discounts can make a Tesla Model 3, retailing for around $62,000, cheaper to lease per month than petrol vehicles like the Mazda 3 Astina, which sells for up to $42,000.

With the average lifespan of a passenger car in Australia being 10 years, market analyst Bloomberg New Energy Finance said EVs would need to reach 100 per cent of new car sales by 2033 for the transport sector to achieve net zero emissions by 2050.

The government’s own Intergenerational Report, released in…

Continue reading this news update.

Comments are closed