
Morrison government’s EV policy unveiled.
The Morrison government released its electric vehicle policy with a theme of ‘choice not mandate’ governing the policy guidelines.
What has the government included?
○ Total spend: $250 million.
○ $178 million of new funding to help build charging stations for heavy commercial vehicles, passenger cars and households.
○ Deploy charging infrastructure in over 400 businesses, 50,000 households and 1,000 public charging stations.
○ Priority initiative – encouraging governments and large corporations to buy EVs for business fleets.
And what has been left out?
○ No take-up targets for EVs.
○ No phase-out deadline or timeframe for petrol cars.
○ No specific details or targets for the ‘fleet first’ government strategy to encourage governments to buy EVs.
○ The Australian government has only promised to ‘evaluate’ the introduction of the Euro 6 noxious emissions standard, over time.
○ The government projects battery-electric and plug-in hybrid cars to make up 30% of new car sales by 2030, but has rejected the introduction of incentives to help drive demand for a cleaner mode of transport.
Where does this put the Morrison government on the global scale?
Given South Korea and Norway plan to phase out sales of new petrol and diesel vehicles from 2025, and US states have plans for the same phase out by 2035, Australia is well behind with no target of a petrol phase out in sight.
Read the full story
in the Grafa app
To read the full article and more in the Grafa app, available on all app stores.
Track the trends
Get the hot tips first
Stay close to your investments
Learn to trade like a pro
Let your money entertain you
See more stories like this

Similar stories
Which stocks are shooting up today?
After the first 20 minutes of trade, these are the stocks that are shooting higher
...read moreCurrencies while you were sleeping
The Australian dollar was higher against the major currencies overnight. The Aussie dollar is buying
...read moreCrypto while you were sleeping
CRYPTO TOP 10 CLUB Here are the gainers and losers out of the Top 10
...read moreDrill down into today’s commodities
Today’s prices for the basket of key commodities tracked by Grafa are as follows: The
...read moreWhat to expect on the ASX today
ASX Futures trading higher ahead of the market open in Sydney. Dow Jones closed up
...read moreThe cryptos making waves in the afternoon
CRYPTO TOP 10 CLUB Here are the gainers and losers out of the Top 10
...read moreThe price we have to pay: Australian businesses reveal
48% of businesses say they will not raise prices, primarily due to the desire to
...read moreThe biggest movers of the flyweight cryptos today
Of the micro cryptos, these ones were the movers. Mcashchain rose 338.90% to US$0.015, closing
...read moreThe biggest movers of the featherweight cryptos today
Of the smaller cryptos, these ones were the movers. Mirrored iShares Gold Trust rose 353.48%
...read moreThe biggest movers of the middleweight cryptos today
Of the middle-sized cryptos, these ones were the movers. Metacraft rose 66.39% to US$1.31, closing
...read moreSee more stories like this
