Electric Vehicle Fleet Purchases and Competition with Internal Combustion Engine Manufacturers

An inquiry into electric vehicle fleet purchases and competition with internal combustion engine manufacturers has shed light on key issues. The discussion centred on the growth of electric vehicles in salary packaging and the need for manufacturers to improve vehicle efficiency. Officials also explored the competition between internal combustion engine manufacturers and electric vehicle manufacturers, with a focus on making combustion vehicles more efficient. Tristan Kathage noted that Australia's lack of regulation has led to inefficient vehicles, but the New Vehicle Efficiency Act aims to change this. Manufacturers can meet their obligations through more efficient ICE vehicles, hybrids, or electrics, according to Paula Stagg. Kath Rowley highlighted the key difference between electric and internal combustion engine vehicles: electric vehicles powered by renewable energy are zero emissions. The officials also discussed the long-term transition to net zero emissions, with electric vehicles playing a crucial role. Other key points included the cost advantages of electric vehicles, such as lower repair and maintenance costs, and the potential impact of international developments on the Australian market.