EV Surge Likely After Labor Wins In Australia

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EV Surge Likely After Labor Wins In Australia
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An EV surge is expected in Australia after Labor won the Federal election with promises of an electric vehicle discount.

Yesterday witnessed a historic Labor Party win in Australian federal politics. For 10 years, the Liberal federal government has denied climate change science and slow-walked the transition to renewable energy. Yesterday’s historic defeat for this coalition will change all that and likely lead to an EV surge. The final result will be a few weeks coming, as many Australians got tired of the never-ending campaign and voted early, or by postal ballot. These votes will take time to count.

Labor promises to bring in: “policy settings to encourage Australian manufacturing of electric car components and possibly cars themselves; and ways to address the policy implications of declining fuel excise.”

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