While in Aus we have seen a lot of carrot to encourage new vehicle buyers into buying EVs, we have yet to see the stick... IE: -rego as per CO2 emissions -extra excise of petrol 7 diesel -restricted access to CBDs by ice vehicles etc etc etc.
IMO those stick programs will lead to a rapid depreciation of ICE vehicles simply because of the high overall cost of ownership.
Given that we import over 90% of our transport fossil fuels, there is a macro economic (trade) incentive to tansition to EVs as well as a National Security one given the current global political turmoil.
So in summary , short term economics of ICE vehicles is OK but IMO the clock is ticking.
PS: Due to US & EU tariffs on Chinese EV imports, we are likely to see a raft of new Chinese EVs arriving here over the next year at comparable ICE prices until such time as Chinese production adjusts.
(source: drive.com.au)
PS : I sat in one of these last Saturday and its about the size of a Toyota Corolla ICE Hatch and $4K cheaper also available with bigger battery/420 km range
