Will Australian Government Emissions Reduction Targets make a difference in Australia's electric vehicle transition?
No, I don’t think so. Don’t get me wrong, I think Australia needs strong emissions reduction targets , but I think the unstoppable juggernaut that is the electric vehicle rEVolution will steam in anyway.Later this year, Australia will hit the 5% that heralds the “” in a major tech transition. The mega trend will happen whatever Australian politicians do.
The only legacy carmaker saying that emissions reduction targets will make a difference is Volkswagen. However, it is not having trouble selling everything it can make in Europe. I doubt it has much excess capacity to export to Australia’s minuscule market. Japanese carmakers have lost the plot, Korean and European carmakers seem to be preoccupied with the EU market , while China is sending us some of their electric vehicles. I am hoping for some price cutting at the lower end of the market as MG and BYD compete further.
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