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The Future is Electric
Personal transport in Australia will switch to electricity due to its superior economic, environmental and energy security outcomes.
Given the two to three times greater efficiency of electricity over petrol for powering a vehicle, and the lower cost of renewable based electricity than petrol as a source of power, there are huge economic benefits to be realised from investing in the infrastructure and batteries required to make the switch. Moreover, the cost of renewable energy and batteries will continue to fall while oil and other fossil fuels become more expensive.
EVs are also aligned with long-term trends in environmental and energy policy. EVs using renewable energy have no tail pipe emissions and no CO2 emissions. The shift to electric powered vehicles also significantly improves energy security and can benefit load management across the grid. Over the long term EVs also allow changes to the energy source without further changes to the fleet or infrastructure as new energy technologies – such as solar and geothermal – become more viable.
Unlike other alternative fuels, such as hydrogen and biofuels, EVs utilise an already existing energy distribution infrastructure – the electricity grid. This means the conversion to electricity can happen faster and for more vehicles.
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