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Electric Car Sales In Australia Take Off (Read 336 times)
whiteknight
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Electric Car Sales In Australia Take Off
Mar 11th, 2024 at 12:41pm
 
Electric car sales in Australia's outer suburbs take off as commuters pocket 'ridiculous' savings   Smiley
ABC News
March 11 2024

Nanda Nalluri, who commutes from the Mornington Peninsula, is all smiles when he thinks about how much money his electric car saves him.(


In short: Australia's outer suburbs overtook the inner cities in electric car sales last year.
The peak body for electric cars says cost-of-living pressures, such as higher petrol prices, have been driving this trend.
What’s next? Electric car uptake in Australia lags behind the rest of the world, but cheaper models and the high coverage of rooftop solar will see that gap shrink in coming years.
The myth that the typical electric car driver lives in a leafy inner-city suburb is busted, with the outer suburbs zooming past the cities in sales.

The latest data from the Electric Vehicle Council (EVC), obtained by the ABC, shows the biggest increase in orders for popular electric vehicle (EV) brands last year came from outer-suburban areas.

The data covers sales from the two biggest electric car companies, Elon Musk's Tesla and Chinese-owned BYD, which account for three-quarters of all EV sales, according to the council.

Overall, about 43 per cent of electric cars sold by the car companies last year went to people in outer-metropolitan suburbs, compared to 39 per cent sold in inner-metropolitan areas, as petrol price hikes drove more people to switch to electric.


Experts believe the high rates of rooftop solar and access to off-street parking in the suburbs are also factors behind this trend.

Rouse Hill and Kellyville, in Sydney's north-west, topped the list of suburbs for EV sales last year with 531 orders.


In Victoria, Werribe in Melbourne's outer south-west had 429 new electric cars delivered by the car manufacturers.


Nearly 18 per cent of all EV orders came from regional and rural Australia.

CEO of the Electric Vehicle Council Beyhad Jafari said these latest numbers debunked a stereotype in Australia of who was driving electric cars.

"We had more people buying electric vehicles from Blacktown than in Bondi," he said.

"EVs are not novel. They are a suburban, mainstream Australian reality and that trend is only set to continue."   Smiley

The rising cost of running a petrol car is behind the shift to electric, according to Mr Jafari.

"When we ask people today why they bought an electric vehicle … the number one reason they give back is being able to avoid high fuel bills," he said.

"So although the initial cost of buying an electric car is higher than a petrol car, the running costs are significantly lower."

'Ridiculously' cheap commute   Smiley
That's the case for Nanda Nalluri, an emergency services worker living on the Mornington Peninsula, south-east of Melbourne.

Since switching to an electric car a year ago, he has driven more than 37,000 kilometres, mostly commuting for work.

"I'm basically saving, between petrol and servicing, $5,500 to $6,000 a year," he told the ABC.

"I'm doing easily a 100-kilometre round trip for just a shift, and sometimes it goes up to 200km. Over a week, I can easily do 700km."

Mr Nalluri had been interested in switching to an EV to lower his transport costs and reduce his environmental impact but said it only made sense economically as EV prices came down in recent years.

He worked out that he had saved "thousands and thousands" on petrol costs and servicing compared to running his old car, as EVs required less maintenance.


Nanda Nalluri, who lives on the Mornington Peninsula, switched to an electric car a year ago.
"I had a sedan that would get 6.5-7 litres per 100 kilometres. For 100 kilometres, it was $10-15 for our petrol car," he said.

He is now on an electricity plan that offers a special EV-charging deal, with the cheapest prices in the early hours of the morning, and free power in the middle of the day when there are high levels of solar power in the grid.

"With the deal that I'm on with the electric company, it's about $1.20 for 100 kilometres [to charge], so you're talking easily like a 10-times saving effectively," he said.

"I can do my entire work commute for like five to 10 bucks a week … it's ridiculously cheap."   Smiley
With solar on his roof, and cheap electricity, Mr Nalluri only uses his driveway charger to fill up the car.

"It's now a point of pride that I've never had to use a supercharger. So, I'm 35-40,000 kilometres in [having the EV] and never had to use charging outside of my house," he said.

He said he was not surprised that he was part of a bigger trend of outer metropolitan residents shifting to electric.

"A lot of friends in outer metro area have jumped on the EVs as well for the exact same reason, especially if they do similar kilometres to me," he said.

"They all look at the maths and it's just overwhelmingly clear."

The average capital city household spent 17 per cent of its income on transport in the December quarter, according to Australian Automobile Association data released last week.

Swinburne University's professor of future urban mobility, Hussein Dia, said cost-of-living pressures on commuters were pushing people in outer metropolitan areas like Mr Nalluri to switch to EVs.   Smiley

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lee
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Re: Electric Car Sales In Australia Take Off
Reply #1 - Mar 11th, 2024 at 1:15pm
 
Wow 429 in Werribee out of an adult population size of over 35K. YUGE. Grin Grin Grin Grin
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Bias_2012
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Re: Electric Car Sales In Australia Take Off
Reply #2 - Mar 11th, 2024 at 1:54pm
 
No good in the bush, trips are too long out here



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Frances
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Re: Electric Car Sales In Australia Take Off
Reply #3 - Mar 11th, 2024 at 2:24pm
 
You would have to be on the road every day and doing a lot of long trips before having an EV even started to make economic sense. It's more about giving the owners a warm and fuzzy feeling that they are doing something for the environment.
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Re: Electric Car Sales In Australia Take Off
Reply #4 - Mar 11th, 2024 at 3:41pm
 
Just a virtual signalling gimmick with no real positive outcome.
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AIMLESS EXTENTION OF KNOWLEDGE HOWEVER, WHICH IS WHAT I THINK YOU REALLY MEAN BY THE TERM 'CURIOSITY', IS MERELY INEFFICIENCY. I AM DESIGNED TO AVOID INEFFICIENCY.
 
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Re: Electric Car Sales In Australia Take Off
Reply #5 - Mar 11th, 2024 at 3:56pm
 
Lithium batteries have around 3000 cycles then they're landfill.
It doesn't matter if this battery is in a phone laptop electric tool or car.

What will be the value of electric car that needs a new battery who will buy one?

Electric cars will be in junkyards after 10 years.

How many 10 year old Teslas are on the road is it zero zip zilch?

Quote:
Tesla said in February 2009 that the ESS had expected life span of seven years/100,000 mi (160,000 km)
https://en.wikipedia.org/wiki/Tesla_Roadster_(first_generation)#:~:text=The%20Te...

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Re: Electric Car Sales In Australia Take Off
Reply #6 - Mar 11th, 2024 at 4:06pm
 
One of Australia’s biggest superannuation operators, the $124bn UniSuper, has been hit with a massive plunge from its green fund, with its assets diving 28 per cent since June after being exposed to a raft of electric vehicle and battery makers, including Tesla.

From assets under management of $2.5bn in mid-2023, UniSuper’s Global Environmental Opportunities Fund — perhaps the greenest superannuation strategy in the market, and the most concentrated — has lost $700m, or a third of its value, largely on the back of weakness in the EV market.

The industry super fund giant primarily looks after the retirement savings of the nation’s academics, scientists and researchers but opened to the public three years ago.

Some of its environmentally focused members, of whom there are many, now find themselves caught out by the ultra high-risk strategy, which has nearly half of its holdings concentrated in just 10 stocks.
https://www.theaustralian.com.au/business/financial-services/unisuper-green-fund...

I bailed out of the 'global environmental opportunities' wheeze last year at Unisuper,  is was losing value rapidly.  Still is.
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Frank
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Re: Electric Car Sales In Australia Take Off
Reply #7 - Mar 11th, 2024 at 4:10pm
 
Frank wrote on Mar 11th, 2024 at 4:06pm:
One of Australia’s biggest superannuation operators, the $124bn UniSuper, has been hit with a massive plunge from its green fund, with its assets diving 28 per cent since June after being exposed to a raft of electric vehicle and battery makers, including Tesla.

From assets under management of $2.5bn in mid-2023, UniSuper’s Global Environmental Opportunities Fund — perhaps the greenest superannuation strategy in the market, and the most concentrated — has lost $700m, or a third of its value, largely on the back of weakness in the EV market.

The industry super fund giant primarily looks after the retirement savings of the nation’s academics, scientists and researchers but opened to the public three years ago.

Some of its environmentally focused members, of whom there are many, now find themselves caught out by the ultra high-risk strategy, which has nearly half of its holdings concentrated in just 10 stocks.
https://www.theaustralian.com.au/business/financial-services/unisuper-green-fund...

I bailed out of the 'global environmental opportunities' wheeze last year at Unisuper,  is was losing value rapidly.  Still is.

The Global Environmental Opportunities (GEO) Fund, which has been around for more than a decade and has had some stellar returns, including a 50 per cent gain in 2021, has a much more restricted investment universe than its peers: to qualify, a company must derive at least 40 per cent of its reported business revenues from one or more environmental market sectors.

The entire strategy is invested in 100 companies, with Tesla its biggest holding.

At the start of the financial year, Tesla accounted for 9.4 per cent of the fund’s assets, for a holding of about $241m.

But the EV maker’s market crash has pummelled the holding down to $107m, or 6 per cent, of the portfolio. Indeed, of GEO’s top 10 holdings, which accounted for 43 per cent of the fund’s total assets on July 1, just two have seen share price gains over the past nine months. The plunge in its assets under management is not purely due to its poor performance. Members have also been pulling funds from the high-risk strategy amid a big decline in its returns early in the financial year.

The fund saw an 18 per cent slide in its performance between July and October but clawed back 2 per cent of this by the end of January for a -16 per cent return. February saw further improvement, with the year-to-date return now sitting at -12.6 per cent, UniSuper told The Australian.
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lee
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Re: Electric Car Sales In Australia Take Off
Reply #8 - Mar 12th, 2024 at 3:58pm
 
And in EU news -

"On March 4th, the EU Parliament approved a Commission proposal that stipulates that electric cars will no longer automatically be considered climate-neutral vehicles.

According to the Kronen Zeitung,

this regulation affects

all companies in Europe that have to declare a CO₂ footprint for transport services - whether rail, air or road.

The new WhatsApp channel from 24auto.de is here!

Current news, useful tips & tricks as well as strange stories from the internet about cars can be found on our Whatsapp channel: Click here to go directly to

Automania

.

Gasoline and diesel have a better CO₂ balance than electricity

What is also new is that real values ​​for the CO₂ content of the electricity used must be taken into account.

This also includes losses during transmission and conversion.

And the specified reference data looks anything but good for the electric car.

Electric cars are currently considered climate neutral.

A parliamentary resolution is now changing that.

© Michael Gstettenbauer/Imago

Only gray hydrogen, which is obtained from natural gas using a lot of energy, has a worse CO₂ balance than electricity.

Even gasoline and diesel perform better overall than electricity.

“This is intended to ensure that there is openness to technologies and choice for consumers,” Commission President Ursula von der Leyen told the Kronen Zeitung"

https://newsrnd.com/tech/2024-03-07-e-cars-are-no-longer-automatically-climate-n...

And we know EV's are generally heavier than their ICE competitors. That means more rubber left in the air. Think PM2.5 for those who have a thing for that.
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