Australian EV industry wants extra $3.2 billion spending on infrastructure
A new report for the Electric Vehicle Council has highlighted the need for boosting the battery-charging network in Australia, in order to enable the country to aim at an increased adoption of electric vehicles (EVs). The report was sponsored by energy technology investor Trevor St Baker.
According to the report, an addition expenditure of $3.2 billion on charging infrastructure is being desired by electric vehicle industry in Australia, so that the number of electric vehicles on the country’s roads can reach 3 million by the year 2030.
With the report emphasizing that public charging infrastructure should be given a boost, the plan is being backed by the NRMA, which has commenced the rollout of $10 million worth of public chargers in NSW. The mentioned expenditure for financing the rollout has come from the funds of the members.
Assuring that the measures to improve charging network and increase EV penetration in Australia will be supported by the government, Energy Minister Josh Frydenberg said that the “revolution” will be backed via the Australian Renewable Energy Agency as well as the Clean Energy Finance Corporation.
Predicting that 1 million electric vehicles will run on Australian roads by 2030, Frydenberg said: “The government stands ready to support the rollout of vehicles, as we are currently doing.”
Tesla reported loss of $2.04 per share in second quarter earnings announced in August but market analysts are worried about the company reporting even worse numbers in third quarter.
Tesla has recently confirmed its production and delivery data for the first quarter for current year. The data suggests that Tesla Model 3 has now officially become the best-selling electric car in the US.
Norilsk Nickel chairman Gareth Penny predicts that some metals his company deals with, will see a major change in demand and pricing.
Mercedes has planned to premiere its new Maybach-branded concept -- the new Vision Mercedes-Maybach Ultimate Luxury SUV -- on April 25, 2018, at the Beijing Motor Show; but the images of the vehicle have already made their way to the World Wide We
Electric car sales in France recorded a notable year-on-year increase during the month of March; with the results highlighting a kind of ‘March Madness’ in the electric-vehicle (EV) market in the country.
Tata Motors and Indian Oil Corporation have recently launched India’s first-ever hydrogen fuel cell-powered bus --- the Tata Starbus. The real-world trials of the hydrogen fuel cell bus were flagged off in the country’s capital, New Delhi.