Short term macro-economics of EVs: Last year Aus imported: -$32 Billion AUD of motor vehicles -$23 Billion of motor fuels -On average an EV 40% more than an ICE -Each EV imported saves on average of $2500 P/A of imported fuel -With the price gap between an EV & its equivalent ICE being say $25K it will take 10 years for trade to balance
Conclusion, on a macro-economic level its still not economically viable to replace ICEs with EVs until the new vehicle price gap is at last cut in half, IMO.
IE: Until the price gap is $12.5K or less.
That said, however, electricity generation & mining generates nearly 70% of our controlable CO2 emissions and, IMO, our initial focus should be on these two industries.
