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Agree.I also think Gov will impose higher taxes on older cars to...

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    Agree.

    I also think Gov will impose higher taxes on older cars to "encourage" people to make the switch. Rego and Petrol costs are the first two which come to mind. They will also offer rebates and incentives for EV's. Cars aren't a luxury but a necessity for most families, and the Gov can make it more expensive for us to hold onto our older cars. At the end of the day families will be looking at the cheapest option forward, and paying $200/w on fuel won't be an option. Factor in servicing and higher depreciation costs and I can easily see the switch to EV's. We purchased a nice large luxury SUV just under 2yrs ago, and I've already told the wife her next car will most likely be an EV.

    The transition period will be hard and it won't happen overnight, but it's definitely the way we are going globally. Just look at what car manufacturers are doing with future models. They are already phasing out IC engines and increasing their EV model ranges. We won't have a choice.
    Last edited by Nikos: 10/06/22
 
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