Welcome to Finance and Fury, The Say What Wednesday Edition
Today’s question came from Matt and Lucas
Labor’s plan for 50% of new cars to be electric by 2030 plus introduce a carbon emissions target for new cars. The Greens have one-upped this.
Today we break down the EV market
Why they are doing it? Talk about the platitudes and promises What it will cost? Why are they doing it? Paris agreement to reduce CO2 emissions by 46% per person Australia has a growing demand for fuel Most Australians travel to work via car We don’t have the greatest public transport What is EV range anxiety? How much are EVs? Other countries are banning petrol cars What are the charge times for these vehicles? How well do these cars work? Transport takes up 18% of greenhouse gas pollution in Australia Where does electricity in Australia come from? How much CO2 is emitted? How much do these electric cars cost? How will this be done? Labor’s plan was making car dealers responsible for this The majority of cars produce more than 105g of CO2 per kilometer What are the savings? $200 million investment across Australia How is this going to reduce the sales of petrol cars? Potential pitfalls? Introducing a new tax on road usage Additional burden on the power grid What is the additional cost to Australians for these EVs? How much will solar panels help? Take a step back: Naturally, EVs will predictably make up about 50% of car sales in 2030 anyways It is an easy election promise to fulfil On Monday’s episode we went through promises versus policy Never thought I’d say this: Bill Shorten is right about making Australia a manufacturing country again But he has contradictory policies We aren’t competitive because of Lima accords What happened with XXXX? What are the massive taxes on alcohol? I think going towards clean energy production is important I think they are focusing on the worst forms of technology Why don’t we use nuclear? The fears around nuclear are greatly exaggerated Might help to lower emissions: Only wealthy people can afford EVs Will they be subsidized by the poor? How will lower income earners afford EVs? Summary: Great idea, won’t be good in practice Just another government policy to increase control on your life I wish we were done with this topic We already mine uranium and thorium for other countries I don’t see protests for the lithium mines
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