Electric vehicle prices need to be halved to attract consumers – Increase much?

Essay by Eric Worrall

According to CEO Aussie Ampol Matt Halliday, their company is investing heavily in the charging networkElectric vehicles are currently too expensive to replace fossil fuel-powered vehicles as mass transport.

Ampol boss: Electric car prices need to be halved

Angela Macdonald-Smith Senior Writer
Updated August 22, 2022 – 6.18pm, first published at 8.43am

According to Matt Halliday, Ampol’s chief executive officer, electric vehicle prices need to fall by about half and fall to around $20,000 before Australians switch to internal combustion engines.

Government policies on vehicle emission efficiency will not have much effect on absorption rates, he added.

Speaking after Ampol more than doubled its benchmark profit in the first half amid soaring profits in refining and soaring pump prices, Mr Halliday said he expected little change in demand for the oil. with traditional fuels such as gasoline and diesel by 2030, as electric vehicles will not reach the same price point as traditional cars until later in the decade.

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“Access to electric vehicles, and especially electric vehicles at lower prices, will be a really important part of what that policy initiative will need to achieve, in our view.”

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Read more (with wall fee): https://www.afr.com/companies/energy/ampol-profit-more-than-doubles-on-refining-revival-20220822-p5bbni

Of course, electric vehicles suffer from problems other than cost, especially in a country as wide a distance as Australia.

I know a tram driver around town. He loves his EV, because he can mostly keep it full of electricity from a large solar array he has installed on the roof of his car port for EVs only or by plugging in. it to the charger of the mall for free.

But my friend has a spare gas car in case he needs to drive out of town.