The ownership costs were based on assumptions such as fuel costs of $1.30 per litre, rising 0.8 per cent annually after inflation, and an electricity price of 25 cents per kilowatt-hour. «If people generate electricity from their own solar panels, they can essentially cap the charging cost,» he said.
EVs have been a point of difference between the Coalition and Labor during the election campaign after Opposition Leader Bill Shorten set a goal of half of new cars sales being electric by 2030 and proposing tougher average emissions standards for petrol and diesel models.
The Coalition labelled the plans a «carbon tax» for cars and Mr Morrison stated during Monday’s debate in Perth that a new EV would cost $28,000 more «than a standard car».
Just 2176 plug-in electric cars were sold in Australia in 2018 — or about one in 500 new sales — in part because of the higher upfront costs and lack of models.
Bloomberg NEF, though, predicts 53 EV models will enter the Australian market by 2023 when sales will have climbed to 40,000, or about 3 per cent without any government policy to propel a take-up.
While politicians have focused on consumers, the spur for EV purchases may well come from the business sector, with fleet purchases accounting for about a fifth of all vehicle sales.
AGL Energy and Eclipx have set electric vehicle targets, and with a fleet cycle of two to four years, such purchases can increase demand, Mr Asghar said.
Hurdles for EVs, though, include the lack of recharging points, particularly in remote regions.
Home-based charging could also be challenging for the one in six households living in flats or semi-detached units that do not have access to dedicated charging points, Bloomberg NEF said.
The country’s poor emissions standards are another barrier, with average carbon-dioxide emissions for passenger cars at 171.5 grams per kilometre in 2017, or 13 per cent higher than the 2016 average in the US.
«While emissions intensity of new Australian cars fell over the last decade, it is still higher than countries such as Saudi Arabia where historically low petrol prices provided little incentive to improve vehicle efficiencies,» Bloomberg said.
Peter Hannam writes on environment issues for The Sydney Morning Herald and The Age.