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
Uber surge pricing is putting me off using them.
$53 to the airport in the arvo and $143 Friday night airport to home?
A single mum at the units was saying the same, i sold her one of our electric scooters cheap, she finds it great for getting around.
Doesnt drive or have a car.
 
The old buttering up the single mum routine you old rooster
No chance of that, I'm way too old to give a house away now.
I've finally reached an age, where the big head has taken control of the little one, instead of the other way round like you young blokes. :xyxthumbs
 
Slowly but surely, the EV revolution creates new industry and wealth.

It was a White House announcement that came complete with stars, stripes and the US President in a sharp black suit: an Australian company was building a factory in Tennessee.

The beginning of an "American manufacturing comeback", Joe Biden told reporters on February 8, standing beside the Australian CEO in a rare show of support for a private company.

And what was the company at the centre of this announcement? Who had won the ear of the US President?

Tritium.

Back in Australia, the news created only a sluggish ripple of interest.

Tritium? Who the hell is Tritium?

As it turns out, Tritium could be the most important Australian company most Australians have never heard of — an example of a successful homegrown business that's exporting a high-tech clean-energy product, rather than shiploads of ore, sheep or gas.

Founded by three engineering graduates in Brisbane, it's quietly secured a large chunk of the global EV-charger market.

If you ever use an EV in Australia, you'll probably use a Tritium charger.

The story of where it came from begins in 1999, with a solar-powered car racing from Sydney to Melbourne.

Built by UQ students, the SunShark was one of the world's top solar racers.

Teardrop-shaped and three-wheeled, it operated on the power of a two-slice toaster, and could race for thousands of kilometres with a top speed just below the highway's legal limit.

In 1999, it took third place at the World Solar Challenge.

David Finn was in charge of designing the car's electronics.

"When I finished my undergraduate degree in 2000, I thought, 'There's all this tech that the solar car teams around the world are wanting to buy,'" he says.

"It was a bit of a cottage industry to start with. We just started selling."

In 2001, he and two other members of the SunShark Team, Paul Sernia and James Kennedy, founded Tritium, a tiny company operating out of a shed in the south Brisbane suburb of Tennyson.

"We became the biggest supplier to the smallest industry in the world," says Dr Finn, who has a PhD in electrical engineering.

"About 80 per cent of the the world's solar racing cars were running our motor controller technology."

For the next decade or so, they plugged away in specialised systems, but kept their eye on a bigger prize: mass-market vehicles.

In 2008, Tesla built its first Roadster sports car, which was the first all-electric production car to travel more than 320km per charge.

The battery technology that would disrupt the car industry and spell the end for the internal-combustion engine was slowly taking shape, but the big car makers weren't listening.

"This whole time we're trying to commercialise the 120kW motor inverter for use in vehicles," Dr Finn says.

"But we were three or four guys in Brisbane, trying to sell to the BMWs of the world.

"It was a challenge that was a little bit insurmountable."

A change of fortunes

Then, in 2012, after years of hard grind, their luck changed.

The company's 93rd product (with the first being the solar car motor controllers) proved to be a winner.

Alan Finkel, who would later become Australia's Chief Scientist, was working for a Californian EV charging startup.

He asked Tritium to make a DC fast charger.

DC chargers take the AC (alternating current) mains electricity and convert it to DC (direct current), which is the type of power that EV batteries use.

In general, AC chargers are the little boxes many EV owners have in their garages, and DC chargers are the larger, much faster ones for public use.

"He said, 'I've looked around the world, I can't find any DC chargers that I really like,'" Dr Finn says.

"Three months later, we had a prototype up and running."

The wonder years

Tritium had got into making EV chargers at just the right time.

The promise of EVs, which had spluttered along since at least the 1970s, finally roared to life around 2012, and with them came a need for safe, quick and robust charging systems.

From nowhere, an entire industry sprang into existence.

"It was a little bit Wild West," Dr Finn says.

From 2012 to 2020, global EV sales grew at about 50 per cent each year.

In some countries, like Norway, the increase was even steeper, with EVs dominating new car sales by the end of the decade.

"We did well in Norway," Dr Finn says.

"In the Christmas of 2014, I was sent our first purchase order for 50 [EV chargers], as a Christmas present."

Tritium has now sold more than 6,700 chargers to 41 countries and is the world's second-largest fast-charging company.

It has about 20 per cent of the European charging market, 16 per cent of the US, and 75 per cent of Australia and New Zealand.

For Mr Finn, the rise of EVs hasn't been a surprise.

Knee-deep in solar-car electronics in 2008, he and others could see the potential — the problem was that not enough other people could.

"People say, 'Isn't it so amazing what's happened?' And I'm like, 'I can't believe it's taken so long.'"

"That was one of the biggest challenges — I probably underestimated the inertia of the automotive industry."

Is Tritium the EV equivalent of a petrol company?

Not quite, says Jane Hunter, who was appointed CEO of Tritium in 2020.

"We kind of like to describe ourselves as the picks and shovels to the gold rush," she says.

From 2022-26, Tritium estimates, all these new electric cars, buses and trucks (outside China) will need 120 billion kWh worth of charging.

Tritium's projected revenue for that period is $US12 billion.

Unlike petrol companies, its customers are not just service stations, but anywhere with the space to host a charger, from burger franchises to shopping centres to local councils.

Late last year, Hungry Jacks installed an EV charger in Victoria. The maker? Tritium.

That same month, in November, Ms Hunter told an Australian business conference that fuel retailers would soon face their own "Kodak moment" — a reference to the camera-film giant that went bankrupt with the switch to digital cameras.

The comments caused a stir, with fuel retailers bristling at the idea chargers would kill the bowser.

Ms Hunter says the change is coming, whether they like it or not.

Car makers from Volvo to Toyota are rapidly phasing out petrol and diesel models and governments are tightening emissions regulations.

"Everyone believes that [the shift to EVs] might come, or might not come, whereas we're out there saying, 'It's already happened.'

"Whatever you might decide you want to do, the decision has been made without you. It's been made by the vehicle manufacturers and the other governments."

Is Australia missing out on green jobs?

As Tritium has grown, Australia's EV sales have mostly stagnated.

During the 2019 federal election, when Tritium's Brisbane factory was filling EV-charger orders from all over the world, Prime Minister Scott Morrison was campaigning against policies to promote EVs, saying they could not tow a boat and would "end the weekend".

The government's EV strategy, released in November last year, pledged extra money for charging stations, but was criticised by industry groups for not including purchase incentives to boost sales.

Australia's EV uptake is lower than in the US, the UK and most European countries, which have generous purchase incentives.

Our 2030 sales target (30 per cent of new car sales) is also less ambitious.

Australia's low uptake relative to other countries begs the question: Will it be left behind in the shift to EVs?

The success of Tritium shows there are economic opportunities in being first and getting ahead of the competition.

That's the reason why, on February 8, Mr Biden appeared alongside Ms Hunter to celebrate the announcement of a Tennessee EV charger factory and the creation of 500 local jobs.

"The benefits are going to ripple through thousands of miles in every direction and these jobs will multiply," Mr Biden said.

Up to now, most of Tritium's chargers have been made in Australia.

The US factory will change this — it has at least three times the capacity of the Brisbane plant.

There are no plans to build another Australian factory, Ms Hunter says.

"If the Asia-Pacific took off, we would go and take a larger facility immediately.

"Australia has the best sources of wind and solar renewable energy globally ... [and] Australian engineers are top-tier.

"I would hate for us to squander the opportunity that we've got.

"I don't think the opportunity is missed yet. But I do think it could be missed."

 
E.V sales is starting to affect material prices.
From the article:
Global EV sales jumped 83% year-on-year in 2021, insights from Adamas Intelligence show.
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According to the market analyst, over 98% of all watt-hours deployed last year went into plug-in electric vehicles alone, both battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEV).
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Adamas Intelligence’s report also points out that 2021 saw a record 286.2 GWh deployed onto roads in the batteries of new passenger EVs globally, a 113% leap over 2020.

The firm’s dossier mentions that 54% of battery capacity deployed onto roads globally in new plug-in electric vehicles was powered by high nickel cathode chemistries or NCM 6-, 7-, 8-series, NCA, and NCMA; 26% by low nickel cathodes or NCM 5-series and lower, and 20% by no nickel cathodes, primarily LFP.

“Regionally, deployment of high nickel chemistries was most prevalent in the Americas on the back of Tesla, VW, Ford, Hyundai and others, while the deployment of no nickel cells was most prevalent in Asia Pacific, and particularly China, on the back of Tesla, BYD, SGMW, Great Wall and a long list of others,” the document states.

“Like the Americas, Europe saw minuscule deployment of no nickel cells onto roads in 2021 but unlike the Americas, saw a greater proportion of its watt-hours deployed powered by low nickel cells, albeit high nickel still dominated the region.”

Screenshot 2022-02-20 121531.png

The researcher’s data show that in Asia Pacific specifically, no-nickel chemistries seized 34% of the plug-in electric vehicle market by battery capacity deployed onto roads in 2021 albeit no-nickel cells were present in over 41% of all vehicles sold.

“This disparity stems from the smaller sales-weighted average pack capacities of LFP-powered EVs relative to low and high nickel alternatives,” the report reads. “Given the different chemistries preferred in each region, the demand for lithium chemical precursors also varied.”

Adamas found that in the Americas, over 86% of all lithium carbonate equivalent (LCE) units deployed onto roads in 2021 were in the form of lithium hydroxide. In Europe, this proportion amounted to 51% and in Asia Pacific 30%. In the research firm’s view, these results speak to the regional preferences for high, low and nickel chemistries.

At the global level, 45% of all LCE units deployed onto roads globally in 2021 were in the form of lithium carbonate and 55% lithium hydroxide.

Overall, the market analyst estimated that a record 173,641 tonnes of LCE were deployed onto roads globally in newly sold passenger EVs in 2021, up 110% year over year.
 
Interesting you tube video, on different battery drain, with different accessories. Done in U.K, but very interesting.

 
Sounds like cheap and cheerful, may be on the way.
Yesterday morning while trapped in the dentists chair, the TV on the ceiling had one of the commercial breakfast morning shows.
The BYD electric car was featured on the show, looked about the same size as the wife's Mazda Cx5.
Will definitely have a look at this one.
Mick
 
Yesterday morning while trapped in the dentists chair, the TV on the ceiling had one of the commercial breakfast morning shows.
The BYD electric car was featured on the show, looked about the same size as the wife's Mazda Cx5.
Will definitely have a look at this one.
Mick
Yes they sound good value for money, well considering they are an EV.
The son has gone off grid and has a 15KW/12 usable BYD house battery, LiPo blade design, they sound o.k.
If you don't travel huge distances and have your own solar panels, it would work out well IMO.
It's a shame that Mitsubishi and Nissan are the only two that are already equipped with V2G and V2H technology.
Another couple of years and it will probably be standard in all of the E.V's. as with everything when it first comes out, it takes a few years for the manufacturers to stop having pizzing comps and start to standadise the equipment.
 
Yesterday morning while trapped in the dentists chair, the TV on the ceiling had one of the commercial breakfast morning shows.
The BYD electric car was featured on the show, looked about the same size as the wife's Mazda Cx5.
Will definitely have a look at this one.
Mick

Is there a dealership closer than 200km to you, or have you decided that driving to Melbourne for a service is now acceptable?

#4,871
 
Is there a dealership closer than 200km to you, or have you decided that driving to Melbourne for a service is now acceptable?

#4,871
I said I was not keen on driving to Melbourne for a service on a car and I am still not keen on driving to Melbourne for a service. on a car.
Nothing has changed.
It is one of many factors to be considered in purchasing a new car, like the initial cost, build quality, price, resale value reputation etc etc.
Currently, no dealership near me can service EV's.
I doubt any of them will spend the money on EV servicing setups until the court case between Mercedes and its dealership owners is settled.
If Mercedes wins and direct selling becomes the norm, many dealerships will likely close, as they will not make the money they used to and the dealerships land will be worth than the dealership itself.

Mick
 
I said I was not keen on driving to Melbourne for a service on a car and I am still not keen on driving to Melbourne for a service. on a car.
Nothing has changed.
It is one of many factors to be considered in purchasing a new car, like the initial cost, build quality, price, resale value reputation etc etc.
Currently, no dealership near me can service EV's.
I doubt any of them will spend the money on EV servicing setups until the court case between Mercedes and its dealership owners is settled.
If Mercedes wins and direct selling becomes the norm, many dealerships will likely close, as they will not make the money they used to and the dealerships land will be worth than the dealership itself.

Mick

Yes, you have stated a number of times that you are "not keen" to drive to Melbourne for a service.

You also mentioned price and size.

The BYD measuring 4070mm long, 1770mm wide and 1570mm high (with a 2700mm wheelbase)
Mazda CX-5 Dimensions 4,575 mm L x 1,845 mm W x 1,675 mm H (with a 2700mm wheelbase)

The Mazda CX-5 is available from $31,390 Mazda CX-5
BYD Atto 3 is available from $44381 BYD Atto 3

The Mazda is still looking good for your wife's needs.
 
I said I was not keen on driving to Melbourne for a service on a car and I am still not keen on driving to Melbourne for a service. on a car.
Nothing has changed.
As others have pointed out, there's not much involved and anyone can do.
I doubt any of them will spend the money on EV servicing setups until the court case between Mercedes and its dealership owners is settled.
Given that BYD will use mycar (formerly KMart Tyre & Auto) to service their vehicles there are no extra set up costs for workshops.
If Mercedes wins and direct selling becomes the norm, many dealerships will likely close, as they will not make the money they used to and the dealerships land will be worth than the dealership itself.
Looks like you are looking for a problem when there is none.
 
Well we did say that subsidising E.V's would just give money to the rich.

Claim electric car subsidy a ‘reverse Robin Hood’ scheme​

Postcode data shows a green scheme that subsidises people buying electric cars has been overwhelmingly taken up by wealthy Sydney suburbs.

 
I said I was not keen on driving to Melbourne for a service on a car and I am still not keen on driving to Melbourne for a service. on a car.
Nothing has changed.
It is one of many factors to be considered in purchasing a new car, like the initial cost, build quality, price, resale value reputation etc etc.
Currently, no dealership near me can service EV's.
I doubt any of them will spend the money on EV servicing setups until the court case between Mercedes and its dealership owners is settled.
If Mercedes wins and direct selling becomes the norm, many dealerships will likely close, as they will not make the money they used to and the dealerships land will be worth than the dealership itself.

Mick
Luckily EVs don’t require as much servicing.
 
Well we did say that subsidising E.V's would just give money to the rich.

Claim electric car subsidy a ‘reverse Robin Hood’ scheme​

Postcode data shows a green scheme that subsidises people buying electric cars has been overwhelmingly taken up by wealthy Sydney suburbs.

They said the same thing when subsidy’s for solar panels first came out, but those “rich” folks that got in early helped build the solar industry that know serves everyone.
 
They said the same thing when subsidy’s for solar panels first came out, but those “rich” folks that got in early helped build the solar industry that know serves everyone.
That's true but I would rather see them spending the money on charging infrastructure before subsidising the cars.
Everyone has their own preferences.
With solar panels the rich people who could afford them first, got the higher feed in tariff, now it serves everyone the feed in tariff is a lot less.
 
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