Preparing for the Electric Vehicle Revolution
After years of promise, the world may have reached a tipping point in electric vehicle adoption. Global sales surpassed 2.3 million in 2020 – a four-fold increase in five years – with sustained growth anticipated for decades.
Driven by growing demand in China, Europe and the US, leading car manufacturers have been introducing new electric models with improved performance and range. Many will phase out the sale of combustion vehicles in the next decade.
The implications for Australia are immense. To become environmentally sustainable and remain prosperous, accelerating the electrification of road transport will be critical. Challenges surrounding charging infrastructure, green energy, affordability and taxation will need to be overcome.
Thank you to Rupert Posner, System Lead, Sustainable Economies, ClimateWorks, Michael Elias, Senior Manager, Toyota, Mike Erskine, Executive Advisor, Risk and Assurance, GHD and Leanne Edwards, Director of Policy & Research, Committee for Melbourne, for joining the discussion on how Australia can increase its support for the innovation, manufacturing and deployment of electric vehicles under current and future policy landscapes.
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Committee for Melbourne and Toyota
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