1 in 2 Australians will purchase a new electric car in 2030 according to a new report.
The report compiled by Energia for the Turnbull government predicts electric vehicle (EV) sales could make up 50 per cent of new car sales by 2030, and 100 per cent by 2040.
The rapid EV uptake was modelled under a likely action scenario - assuming new luxury car tax and fringe benefits tax exemptions, removal of import restrictions on used EVs, government procurement of EVs, and the implementation of purchase incentives by Federal and State Governments.
This scenario - which would also require nearly $1.7 billion worth of investment in new charging infrastructure - would see EV sales increase to more than 70,000 a year over the next five years.
Sales of fully electric cars in Australia as a proportion of new car sales lag behind other markets such as New Zealand. Australia's slow uptake has been attributed predominantly to price and lack of infrastructure. Energia’s report believes that EVs were expected to reach price parity with equivalent internal combustion cars by 2024.
Only 942 fully electric vehicles were sold in Australia last year - a tiny percentage of the 1.1 million-plus cars bought by Australians in 2017.
The first accessible long-range EV available in Australia is now likely to be the futuristic ZOE from Renault, which is also expected to offer the battery-powered Kangoo Maxi ZE delivery van to the Australian public.
Both Renault EVs have been available since earlier this year to Australian business and government customers.
Nissan’s second-generation LEAF was confirmed for Australia in February, when the company said only that it will arrive here by the end of the current Japanese financial year – March 2019.
Hyundai’s three-model Ioniq line-up has been pushed back to September due to supply delays for the EV, following strong global demand.