Australian (ASX) Stock Market Forum

Electric cars?

Would you buy an electric car?

  • Already own one

    Votes: 10 5.1%

  • Yes - would definitely buy

    Votes: 43 21.8%

  • Yes - preferred over petrol car if price/power/convenience similar

    Votes: 78 39.6%

  • Maybe - preference for neither, only concerned with costs etc

    Votes: 37 18.8%

  • No - prefer petrol car even if electric car has same price, power and convenience

    Votes: 25 12.7%

  • No - would never buy one

    Votes: 14 7.1%
  • Total voters
    197
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basilio said:
Interesting perspective.. I agree in principle but I also suspect that much of the profits in the stock market comes from misinformation, often outright lies and creating false markets.

Picking high quality ideas, developed by skilled engineers/technicians and then monetised by businessmen who don't just grab all the cash for themselves and their mates sounds great. (And I do attempt to follow those directions.)

But it also seems that much easier profits are made flogging investment scams, dodgy products and quite dangerous products.

But maybe I'm being too cynical and picky ?
Click to expand...

fraud happens, but to say “much” of the profit happens that way is no where near correct, think about it 100’s of Billions of dollars is paid out to shareholders as dividends each year alone.

We all pay a lot of attention to the big capital gains made at certain times by different companies, but steady dividends over the years from business as usual create rivers of cash flowing into investors pockets
 
SirRumpole said:
We are the largest gas exporter in the world, the gas exists it just gets shipped overseas and we have to buy it from somewhere else for our own needs.

Not that I see gas as a replacement for coal. The main work will be done by renewables plus storage with gas power stations there in case of long periods of unfavourable weather.

Which is why governments will have to build them, private enterprise doesn't invest in assets that lay dormant for long periods of time.

But gas turbine plants don't have to run on gas, they could use hydrogen or ethanol from sugar cane. And if they are infrequently used then the drain on the gas fields should be small.

We just need to build enough gas storage to store sufficient quantities to satisfy the infrequent use they will be put to.
Click to expand...

private industry does invest in gas turbines even if they will be dormant sometimes, because it allows them to sell their renewable power for more.

the reason for this is that selling guaranteed power contracts brings in more $$$ than selling the intermittent supply, so the way Infigen did it was that they owned 3 wind farms, 2 batteries and one gas power plant, and would sell guaranteed power supply contracts at high prices for steady supply, and between the wind farms, batteries and gas plant they could supply steady base load power at a contracted rate high than they would get selling intermittent “run of plant” contracts.
 
Good news on the electric car front, VW and Tesla going head to head, to bring in affordable BEV's.
This will put a torch under the ICE manufacturers IMO, BEV tech leader and one of the worlds largest manufacturers going head to head, will certainly accelerate the process.
This is really good news for the consumer.
electrek.co

Tesla and Volkswagen to compete with new affordable electric cars at ~$25,000 to $30,000

The electric car market is about to be accessible to a lot more people as we’ve now learned that Tesla...
electrek.co electrek.co
 
sptrawler said:
Nearly 90% of taxis were dedicated lpg Ford Falcons, they aren't produced anymore, so the Toyota Camry hybrid has become the taxi of choice for size reliability and running costs.
But it would be wrong to suggest that the change over was made, because hybrid was a better choice, it was made because it basically became the only choice. If the Falcon was still being produced I doubt the fleet would have changed yet.
Just my opinion
Click to expand...
Basically: regulation or economic pressure choose technology, not merit...
Nothing new..
 
sptrawler said:
This Nikola sounds like a dodgy lot IMO, GM pulling the pin on the partnership.

No Cookies | Daily Telegraph

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There was a devastating expose on Nikola in September. I highlighted it on ASF.
At the time I thought the revelations would effectively destroy the company.

Nikola: How to Parlay An Ocean of Lies Into a Partnership With the Largest Auto OEM in America

Nikola: How to Parlay An Ocean of Lies Into a Partnership With the Largest Auto OEM in America – Hindenburg Research

hindenburgresearch.com hindenburgresearch.com
 
The W.A government to spend $21million installing electric car charging infrastructure, a great idea, they own most of the electrical generation and distribution system in W.A, so it makes sense they install infrastructure to help their business.

www.mediastatements.wa.gov.au

Media statements | Western Australian Government

Media statements
www.mediastatements.wa.gov.au www.mediastatements.wa.gov.au
From the article:
  • Electric Vehicle Strategy to reduce emissions, drive economic growth and create jobs
  • A key part of the Western Australian Climate Policy, the EV Strategy will support the uptake of electric vehicles in Western Australia
  • Strategy includes creation of Australia's longest electric vehicle charging network
  • McGowan Government investing almost $21 million in an Electric Vehicle Fund
The McGowan Government is steering towards a cleaner future with the release of Western Australia's first ever Electric Vehicle Strategy.
The strategy will be accompanied by the almost $21 million Electric Vehicle Fund - including the largest single investment in EV charging infrastructure in Australia by a State or Territory Government.
The strategy is a key element of the Western Australian Climate Policy that commits to delivering a cleaner, more sustainable environment through the increased uptake of low and zero emission vehicles.
The strategy will facilitate the creation of Australia's longest, and one of the world's longest, electric vehicle charging infrastructure networks - from Perth to Kununurra in the North, Esperance in the South and Kalgoorlie in the East.
Western Australians and visitors will be able to access fast charging stations along major travel routes in the regions, town and city centres, and tourism sites.
The strategy will also facilitate EV uptake by developing and updating standards, guidelines, and requirements for planning approval, as well as improving levels of consumer awareness and knowledge.
 
The issue of how to deal with millions of dying LiOn car batteries has been made often.
A number of start ups are tackling this issue.
Excellent insight into the various problems and how they can be dealt with.
If/when the multi million mile battery becomes the go this may be less of a problem.
(Another Pocket story..)

www.wired.com

The Race To Crack Battery Recycling—Before It’s Too Late

Millions of EVs will soon hit the road, but the world isn’t ready for their old batteries. A crop of startups wants to crack this billion-dollar problem.
www.wired.com www.wired.com
 
Hyundai are certainly picking up the pace with E.V's, also it is good to see them adopting the two way flow with the charging as per Nissan.
thedriven.io

Hyundai unveils long range, high performance, two way charging EV platform

Hyundai unveils new "E-GMP" electric vehicle platform that will offer long range driving, high performance specs, and bidirectional charging.
thedriven.io thedriven.io
From the article:

Using the E-GMP platform, which stands for “Electric-Global Modular Platform”, Hyundai and Kia will offer electric vehicles with 500 kilometres driving range that can recharge to 80% in 18 minutes, the company said in a statement on Wednesday.

The platform will also pique the interest of those after high performance specifications, taking advantage of the electric drivetrain’s instant torque to offer acceleration from a standing start to 100km/hr in less than 3.5 seconds, for a top speed of 260km/hr, according to Hyundai.

Notably, Hyundai is embracing bidirectional charging with the platform, joining Nissan and Mitsubishi as the only car makers offering a two way charging experience which can allow homeowners to use energy from their vehicles or feed back to the grid.

This will be enabled via an integrated charging control unit (ICCU) that will allow power to flow from the vehicle at a rate of up to 3.5kW – enough to power an air conditioner of 55-inch TV for up to 24 hours, says Hyundai.

Ultra-fast charging will be optional depending on a 400 volt (for 50-150kW charging) or 800 volt electric architecture (for up to 350kW charging), with the modular platform allowing for customisation and rapid development to conform to particular model requirements.
 
over9k said:


Some pretty wild stuff going on with nio traders at the moment
Click to expand...

For what it is worth, and nearly 2 y old already, but when in Shenzen, NIO was a wannabee with no market presence, people with money were buying Tesla, the less rich going BYD
If I was to invest in anyone for EV, it would be BYD as I witnessed their reliability, presence and lower price while in China
 
qldfrog said:
For what it is worth, and nearly 2 y old already, but when in Shenzen, NIO was a wannabee with no market presence, people with money were buying Tesla, the less rich going BYD
If I was to invest in anyone for EV, it would be BYD as I witnessed their reliability, presence and lower price while in China
Click to expand...
Bit of info on BYD, they are to be sold in Australia in 2021.

www.motoring.com.au

BYD electric cars due in Australia early 2021 - carsales.com.au

Chinese brand plans to ‘revolutionise EVs in Australia’, selling direct to customers – at prices up to $100K
www.motoring.com.au www.motoring.com.au
 
most of them have had a bit of a melt lately though.

I got nio at 17, just going to sit & hold.
 
over9k said:
most of them have had a bit of a melt lately though.

I got nio at 17, just going to sit & hold.
Click to expand...
If i were you , would sell nio...
You can always buy more Tesla or Nikola etc.
Was the reason of my post..
And i know actually selling or making profit now or in the future seems irrelevant in today's market, but it might become relevant again one day.especially true for Chinese company where BS is the rule
 
Well the political battle lines on electric cars seem to taking shape.
www.abc.net.au

More charging stations? Car-to-home power? Federal Government ponders ways to boost electric car sales

A draft strategy to support electric vehicle take-up details no direct financial help for motorists to make the switch, including no changes to import or luxury car taxes to lower the sticker price of vehicles.
www.abc.net.au www.abc.net.au

The coalition don't seem to want to give tax payer subsidies:
From the article:

There is no direct financial help for motorists to switch to electric cars and no target for new electric car sales.

Instead, the discussion paper includes:

  • $72 million in funding already announced for co-investing in charging infrastructure.
  • A two-year trial of an electric car fleet for COMCAR, which provides cars and drivers for politicians.
  • Updating the 'Green Vehicle Guide' website.
  • Asking energy agencies to look at options for car-to-home and car-to-grid battery use.
The opposition rhetoric seems to imply disincentives for ICE vehicle:
From the article:

There is also no mention of fuel efficiency standards, which concerns Labor's climate and energy spokesman Mark Butler.

"We are driving the least-efficient fleet of cars and light trucks in the developed world and there's nothing in this strategy to help clean up the fleet," he said.

"Cleaning up the fleet will not only have great benefit for air qualities in our cities but it will also save about $500 off the motorist's bill every year.

Just my thoughts.
 
Interesting Rivian are talking about putting in remote charging infrastructure, for the outdoors adventure type buyer, interesting concept vandalism may be an issue IMO.

No Cookies | The Courier Mail

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From the article:

So Rivian is extending its network of fast chargers to off-road locations in its home market, according to a recent interview with the company’s chief RJ Scaringe in TechCrunch.

Scaringe said the chargers might be at popular hiking or mountain biking trails, kayaking spots or mountain climbing locations.


Rivian spokesman Chris Wollen has previously confirmed to News Corp Australia it is planning to bring its new electric ute Down Under, possibly as soon as 2022.

“We know that there’s markets that will be into these vehicles and the adventure positioning and Australia fits that perfectly. We know we’re nicely suited for Australia so it’s an important market for us,” he said.
 
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