Page 44 - Australasian Paint & Panel magazine September-October 2022

Market intelligence EVs
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PAINT&PANEL SEPTEMBER / OCTOBER 2022
The lack of model availability here is largely due to low sales, which is generally attributed to the aforementioned lack of incentives and Australia not having any fuel-efficiency standards (in other mar- kets, like the UK, your annual registration fee can be based on the amount of CO2 your car produces, so V8s will cost you a fortune to put on the road, while in the EU car companies face hefty fines if the aver- age amount of CO2 from their fleet of cars sold doesn’t hit a certain number).
The Labor Government has intro- duced some new measures, however, in- cluding certain EVs being exempt from the fringe benefits tax and a planned $500 million investment in a national EV-charging network.
The states and territories around Aus- tralia are taking their own steps toward encouraging EV uptake and building charging infrastructure - below is a breakdown of what each is doing.
STATE-BY-STATE INCENTIVES
Registration discount over five years: ACT ($1,166), NT ($965), QLD ($364), VIC ($500). Queensland and Victorian rego discounts ongoing; Northern Territory limited to five years; ACT limited to two years.
Stamp duty discount for eligible EVs: ACT ($1,450), NSW ($1,500), NT ($1,500), QLD ($500), TAS ($2,000). In NSW, stamp duty has been permanently phased out for EVs in exchange for the future intro- duction of a road user tax.
Subsidy: NSW ($3,000), QLD ($3,000), SA ($3,000), VIC ($3,000). In Victoria, subsidy available at this rate for the first 6,400 eligible vehicles purchased.
Interest-free loan interest savings: ACT ($3,224). Assumes four per cent in- terest rate on a normal car loan.
Approximate total incentive value for an EV buyer: ACT ($5,840), NSW ($4,500), NT ($2,465), QLD ($3,864), SA ($3,000), TAS ($2,000), VIC ($1,950)
EV CHARGING INVESTMENT
Federal: Investment of $39.3 million (matched by the NRMA) to deliver 117 fast-charging stations on highways across Australia.
ACT: Co-funding 20 fast-chargers.
NSW: $131 million committed to co-fund 1000 fast-charging bays across 250 sites. NT: Nothing confirmed, but commitment made to fund fast-chargers.
QLD: $12.75 million committed to add 18 additional fast-charging sites to the Queensland Electric Super Highway.
SA: $13.4 million committed to add 28 regional fast-charging locations.
TAS: $600,000 committed towards fast- charging stations.
VIC: $6 million committed to co-funding fast-charging stations at 50 locations across regional Victoria.
WA: $20 million committed to funding fast-charging across 45 locations across regional WA.
Based on the above estimates, Aus- tralia should see approximately 700 fast-chargers installed over the next five years.
EV CHARGING
Currently there are 291 public fast-charg- ing locations around Australia, although studies find the majority of EV owners, around 70-80 per cent, charge at home or at work using a workplace charger.
Although some apartment buildings have begun to install EV chargers for
TOP 5 SELLING EVS 2021: WORLDWIDE
1TESLA MODEL 3
Price: From $65,500, plus on-road costs. Range: From 491km.
Units sold: Over 500,000
Launched in 2017, it has been claiming no 1 seller on an annual basis since 2018.
2WULING HONG GUANG MINI EV
Price: From ¥32,800/$6,878. Range: From 120km.
Units sold: Over 424,000 Australian release: TBC
China's best-selling fully electric car
TOP 5 SELLING EVS 2021: AUSTRALIA
1TESLA MODEL 3
Price: From $65,500, plus on-road costs The best-selling electric car in history outsold every other EV in Australia in 2021, shifting 12,094 units. In April this year three out of every five electric cars sold so far this year were Model 3s. It’s no wonder they have had to set up such a comprehensive repair network which continues to grow. Repairers we have talked to love the badge.
2MG ZS EV
Price: From $46,990, plus on-road costs Chinese manufacturer MG sold 1,388 of its ZS EV in 2021, helped along by the fact the small SUV was the cheapest EV in Australia. That title now goes to the BYD Atto 3 SUV, also from China, which is $44,381, plus on-road costs. Driving range is 320km and it’s recently had a facelift and a revamped interior.