GXY 0.00% $5.28 galaxy resources limited

The Aus government has been approached by - Mitsubishi, Nissan,...

  1. 53 Posts.
    The Aus government has been approached by - Mitsubishi, Nissan, BMW and Tesla asking them to offer incentives. We are just about the only developed country in the world that doesn't (even Greece, after the GFC meltdown offers incentives). The reality is that both major parties are owned by the fossil fuel industry and despite talks of innovation they are locked into the tech of the industrial revolution. How else can you explain the Adani coal mine? We have the best politicians money can buy. Their personal behaviour with entitlements demonstrates a complete lack of ethics and political donations can rightly be viewed for what they are - bribes.

    Expect no incentives anytime soon (although the ACT & Vic governments have minor concessions). We are way behind everywhere else in the EV market - anyone who has travelled recently in Europe, US/Canada or China can see where it's heading. So though progress is snail pace in this country it is forging ahead elsewhere which is way Galaxy and lithium in general is such a great investment.
 
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