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 21.7%
  • Yes - preferred over petrol car if price/power/convenience similar

    Votes: 78 39.4%
  • Maybe - preference for neither, only concerned with costs etc

    Votes: 38 19.2%
  • No - prefer petrol car even if electric car has same price, power and convenience

    Votes: 25 12.6%
  • No - would never buy one

    Votes: 14 7.1%

  • Total voters
    198
The video isn't the mini bus you showed. That certainly exists but they have set up an electric car with the multiple cameras/sensors for their Cruise story. I think it is intended to show people how many cameras they have and focus it on 1-2 -3 people using it rather than the 6 or so in the mini bus.

But it's cool alright.

Yeah I watched the video, the photo I got from their web site -

 
Perth had the driverless bus on the foreshore, a while back.

 
The manufacturer says its newest technology will find use in a wide variety of in-house and external applications, including electric vehicles, aerospace engineering, and the marine industry.
Initially, three of the Quark motors will join a 2.0-litre turbocharged three-cylinder petrol engine in the upcoming 1268kW Koenigsegg Gemera hybrid hypercar (shown above).
 
I can't see a car industry getting any traction in Australia, due to the size of the market place, but to me it makes sense to get a battery manufacturing industry up and running.

Australia could build a successful domestic electric vehicle industry by offering major global manufacturers tax incentives to establish a local base and create jobs in communities that are transitioning from carbon-intensive industries, a new report has identified.

Industry and the union movement have endorsed the findings from the Centre for Future Work, released on Tuesday, which also recommends tax breaks for mining companies involved in the extraction of key minerals – primarily lithium and rare earths – to boost local manufacturing capabilities, especially emerging EV battery industries.

Australia is the world’s biggest producer of lithium and accounts for an estimated 30 per cent of known resources. Most lithium in Australia, however, is exported as spodumene concentrate, rather than refined battery-ready material.

The plan said capturing opportunities in the electric vehicle and battery energy storage supply chain could create 34,700 jobs in Australia by 2030, while global demand for batteries has been forecast to increase tenfold to reach $151 billion by the same year.
 
I can't see a car industry getting any traction in Australia, due to the size of the market place, but to me it makes sense to get a battery manufacturing industry up and running.

Australia could build a successful domestic electric vehicle industry by offering major global manufacturers tax incentives to establish a local base and create jobs in communities that are transitioning from carbon-intensive industries, a new report has identified.

Industry and the union movement have endorsed the findings from the Centre for Future Work, released on Tuesday, which also recommends tax breaks for mining companies involved in the extraction of key minerals – primarily lithium and rare earths – to boost local manufacturing capabilities, especially emerging EV battery industries.

Australia is the world’s biggest producer of lithium and accounts for an estimated 30 per cent of known resources. Most lithium in Australia, however, is exported as spodumene concentrate, rather than refined battery-ready material.

The plan said capturing opportunities in the electric vehicle and battery energy storage supply chain could create 34,700 jobs in Australia by 2030, while global demand for batteries has been forecast to increase tenfold to reach $151 billion by the same year.
Absolutely crazy..no way
.battery factories yes but you will still have to face with the business environment here.
@noirua had a fantaslic link to a NY, California, Arizona and Texas comparison you tube link explaining the migration of business and talent.
Where do you think Australia position is in term of business:
California or Arizona?
Not a tight finish..so we will follow California but wo the high tech...
We could not even be competitive with Arizona, let alone Asia...
Dreams
 
I can't see a car industry getting any traction in Australia, due to the size of the market place, but to me it makes sense to get a battery manufacturing industry up and running.

Australia could build a successful domestic electric vehicle industry by offering major global manufacturers tax incentives to establish a local base and create jobs in communities that are transitioning from carbon-intensive industries, a new report has identified.

Industry and the union movement have endorsed the findings from the Centre for Future Work, released on Tuesday, which also recommends tax breaks for mining companies involved in the extraction of key minerals – primarily lithium and rare earths – to boost local manufacturing capabilities, especially emerging EV battery industries.

Australia is the world’s biggest producer of lithium and accounts for an estimated 30 per cent of known resources. Most lithium in Australia, however, is exported as spodumene concentrate, rather than refined battery-ready material.

The plan said capturing opportunities in the electric vehicle and battery energy storage supply chain could create 34,700 jobs in Australia by 2030, while global demand for batteries has been forecast to increase tenfold to reach $151 billion by the same year.
Why is it we have to offer Tax incentives to manufacturers from other countries to set up shop?
This country poured huge amounts of subsidies into the likes of GM, Ford, Toyota etc and where did it get us?
We now have no national industry, and rely on other countries to produce RHD versions of mostly LHD vehicles made for conditions foreign to us.
Subsidies are like import tariffs and duties, another factor that distorts the market.
If the a business model cannot be sustained without subsides, incentives etc, its a failed model.
The government may as well just build cheap Chinese cars at twice the cost here in OZ, rather than giving the money to multinationals.
Mick
 
I can't see a car industry getting any traction in Australia, due to the size of the market place, but to me it makes sense to get a battery manufacturing industry up and running.

Australia could build a successful domestic electric vehicle industry by offering major global manufacturers tax incentives to establish a local base and create jobs in communities that are transitioning from carbon-intensive industries, a new report has identified.

Industry and the union movement have endorsed the findings from the Centre for Future Work, released on Tuesday, which also recommends tax breaks for mining companies involved in the extraction of key minerals – primarily lithium and rare earths – to boost local manufacturing capabilities, especially emerging EV battery industries.

Australia is the world’s biggest producer of lithium and accounts for an estimated 30 per cent of known resources. Most lithium in Australia, however, is exported as spodumene concentrate, rather than refined battery-ready material.

The plan said capturing opportunities in the electric vehicle and battery energy storage supply chain could create 34,700 jobs in Australia by 2030, while global demand for batteries has been forecast to increase tenfold to reach $151 billion by the same year.

Battery development and manufacture in Australia has a strong chance of happening. Though I think it will be batteries for storage solutions, rather than vehicles. Tesla showed the way in savings by having the battery factories close to the vehicle manufacturing plants, at the time they managed 30% savings.

If Australia can take advantage of our natural resources to create electricity, we could also manufacture cheap batteries and sell them fully charged, thus exporting batteries and energy.

Diversified battery industries could contribute $7.4 billion annually to Australia’s economy and support 34,700 jobs by 2030, according to a new report (June 2021) prepared for the Future Battery Industries Cooperative Research Centre (FBICRC)

 
Battery development and manufacture in Australia has a strong chance of happening. Though I think it will be batteries for storage solutions, rather than vehicles. Tesla showed the way in savings by having the battery factories close to the vehicle manufacturing plants, at the time they managed 30% savings.
As I said a couple of years ago, the BP oil refinery at Kwinana, which is closing down, is bordered by both a new purpose built battery quality nickel sulphate plant and a new lithium hydroxide plant.
There is also port facilities alongside and it is an established industrial area, if one doesn't get built there, then I doubt the numbers will stack up anywhere in Australia. :2twocents
 
The manufacturer says its newest technology will find use in a wide variety of in-house and external applications, including electric vehicles, aerospace engineering, and the marine industry.
Initially, three of the Quark motors will join a 2.0-litre turbocharged three-cylinder petrol engine in the upcoming 1268kW Koenigsegg Gemera hybrid hypercar (shown above).

Looks similar to the motor that you posted -

2022-02-08.png

 
Yes, the electric motor technology will move along in leaps and bounds. In the past actual motor design hasn't had a lot of time spent on it, as it was pretty efficient anyway, most of the development went into speed control and peripheral control systems.
 
As I said a couple of years ago, the BP oil refinery at Kwinana, which is closing down, is bordered by both a new purpose built battery quality nickel sulphate plant and a new lithium hydroxide plant.
There is also port facilities alongside and it is an established industrial area, if one doesn't get built there, then I doubt the numbers will stack up anywhere in Australia. :2twocents

sptrawler & JD i think you're both onto something ✌️ i saw a paper on this last year written in cooperation with mutliple stakeholders

JD - Australia can take advantage of our natural resources to create electricity, we could also manufacture cheap batteries and sell them fully charged, thus exporting batteries and energy
 
As I said a couple of years ago, the BP oil refinery at Kwinana, which is closing down, is bordered by both a new purpose built battery quality nickel sulphate plant and a new lithium hydroxide plant.
There is also port facilities alongside and it is an established industrial area, if one doesn't get built there, then I doubt the numbers will stack up anywhere in Australia. :2twocents
I thought they were stopping refining and still using it as a terminal
 
I thought they were stopping refining and still using it as a terminal
That's possible, a couple of mates work there, so I will try and find out, it would still leave a huge area available to build on.
Also one would think BP would be looking to diversify from oil.
 
If the a business model cannot be sustained without subsides, incentives etc, its a failed model.
The government may as well just build cheap Chinese cars at twice the cost here in OZ, rather than giving the money to multinationals.
Mick
Too true, if we need subsidies to get an economic model, it is a dead end, that tax money should go to reducing red and green tape and overall parasitic dead weight attached to all business.
No one is worse than government to select an industrial commercial winning, and so many reason for that:
voter pressure, no skin in game, corruption, business illiterate narrow minded deciders who are not selected on competencies not even breeding...
 
sptrawler & JD i think you're both onto something ✌️ i saw a paper on this last year written in cooperation with mutliple stakeholders
definitively not too charged :) , the potential risks attached on doing so amd extra cost in physical separation, transport issues and safety requirements will never justify teh few cents of saving loading here , even if we change from one of he most expensive power on earth to cheapest ...
 
So why I ask myself does not a shipping company fill a large ship full of batteries, sit next to a windfarm/ solar farm near the ship and store all that extra energy and when fully charged, sail off into the sunset and sell the stored electricity to Thailand, or Japan, or Korea or the Phillipines.
Mick
 
So why I ask myself does not a shipping company fill a large ship full of batteries, sit next to a windfarm/ solar farm near the ship and store all that extra energy and when fully charged, sail off into the sunset and sell the stored electricity to Thailand, or Japan, or Korea or the Phillipines.
Mick

Show us which battery company has enough reserve capacity to fill a container ship with batteries
 
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