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
Just like We had with Mitsubishi, Nissan, Ford, Toyota, Holden, Leyland, all owned by overseas corporations holding tax payers to their mercy of tax breaks & incentives. Yeah that’s fun.
And how many of the EV's are made in Australia?
What makes you think that the EV manufacturers overseas will not be holding tax payers to the mercy of tax breaks and incentives?
There have been a few ASF members calling for just that.
Mick
 
Refining condensate is not going to alleviate the original problem mentioned a few posts ago - the ever increasing price of fuel.
Agreed although domestic production does directly address the other issue of sending money to foreign dictators and so on. Australian produced oil or condensate ultimately would end up as fuel used somewhere.

Noting that, using pre-pandemic figures, Australia's oil consumption is presently:

Diesel = 48.4%

Automotive Petrol (all grades including ethanol blends) = 29.1%

Aviation turbine fuel (aka "jet fuel") = 15.6%

LPG = 3.2%

Fuel oil = 1.7%

Other products (chemicals, bitumen etc) = 1.4%

Lubricants and greases = 0.6%

Aviation gasoline (small aircraft) = 0.1%

Figures are Australian Government statistics for 2018-19 which I've used to avoid pandemic-related temporary changes.

Now of that lot, full adoption of EV's would displace almost all automotive petrol use and would displace a substantial portion, but not all, use of diesel.

EV's in the medium term generally won't be replacing aviation fuel, LPG or fuel oil and they're certainly not replacing chemicals or bitumen. Longer term we might have electric aircraft but they're clearly lagging behind electric road vehicles so far as development is concerned, we'll continue to have fuel-based aircraft for quite some time yet.

So far as Australian oil's concerned, there's nothing "wrong" with it as such, it's just that (as with many crude oils) it's toward one end of the scale and whilst not impossible to refine as is, it's more economic to blend it with oil from the other end of the spectrum. Nothing wrong with it as such though - indeed it sells at a premium price generally due to its characteristics, most Australian crude is a Light or Extra Light grade, and has no trouble finding buyers.

Now I'm not arguing the merits of oil on an EV thread but realistically there's a need for a combination of solutions to all this. EV's won't replace all oil use, and it'll be quite some years before they even replace half, so we're going to need ongoing oil supply in the meantime and so long as that's the case there's the issues of supply security, funding dictators and so on. There's still a place for oil production in Australia to the extent it can be done, companies in that space aren't rationally going to be put out of business in a hurry.

My point is basically that it's not an absolute. EV's are the future but they'll be coexisting with the oil industry for quite some time to come. :2twocents
 
Agreed although domestic production does directly address the other issue of sending money to foreign dictators and so on. Australian produced oil or condensate ultimately would end up as fuel used somewhere.

Noting that, using pre-pandemic figures, Australia's oil consumption is presently:

Diesel = 48.4%

Automotive Petrol (all grades including ethanol blends) = 29.1%

Aviation turbine fuel (aka "jet fuel") = 15.6%

LPG = 3.2%

Fuel oil = 1.7%

Other products (chemicals, bitumen etc) = 1.4%

Lubricants and greases = 0.6%

Aviation gasoline (small aircraft) = 0.1%

Figures are Australian Government statistics for 2018-19 which I've used to avoid pandemic-related temporary changes.

Now of that lot, full adoption of EV's would displace almost all automotive petrol use and would displace a substantial portion, but not all, use of diesel.

EV's in the medium term generally won't be replacing aviation fuel, LPG or fuel oil and they're certainly not replacing chemicals or bitumen. Longer term we might have electric aircraft but they're clearly lagging behind electric road vehicles so far as development is concerned, we'll continue to have fuel-based aircraft for quite some time yet.

So far as Australian oil's concerned, there's nothing "wrong" with it as such, it's just that (as with many crude oils) it's toward one end of the scale and whilst not impossible to refine as is, it's more economic to blend it with oil from the other end of the spectrum. Nothing wrong with it as such though - indeed it sells at a premium price generally due to its characteristics, most Australian crude is a Light or Extra Light grade, and has no trouble finding buyers.

Now I'm not arguing the merits of oil on an EV thread but realistically there's a need for a combination of solutions to all this. EV's won't replace all oil use, and it'll be quite some years before they even replace half, so we're going to need ongoing oil supply in the meantime and so long as that's the case there's the issues of supply security, funding dictators and so on. There's still a place for oil production in Australia to the extent it can be done, companies in that space aren't rationally going to be put out of business in a hurry.

My point is basically that it's not an absolute. EV's are the future but they'll be coexisting with the oil industry for quite some time to come. :2twocents
Not to mention that all the plastics that we use every day require oil to produce. If countries like Russia turn off the taps, we need to find alternatives pretty quickly.
 
Kenworth has been manufacturing trucks in Baywater since 1971 and as far as I know is still doing so, Volvo and Mack also manufacture in Australia.
You mean assembling Trucks.

If I buy a jig saw puzzle in the USA, and then put it together in Australia, is the jig saw “made in Australia” ?
 
Let them, and we will purchase their subsidised vehicles.
I'm all for manufacturing, but it has to be for essential products, or value adding to our raw materials.
If we don't do that, then eventually we run out of raw materials to sell and still need to import our essential products.
When that happens the CEO's move to the Mediterranean and we become a third world holiday destination with inherent problems eg, that really is too far away, too big, too hot, oh lets just go to Santorini dear. :roflmao:
 
You mean assembling Trucks.
We do build buses in Australia. Full size public transport buses like these:

Built from scratch that is with manufacturing in SA, Tas and Qld. Conventional diesel powered buses shown in the video above built in Tas.

Whilst mostly they're building conventional diesel powered buses they have built electric in SA so we have the capability.

Passenger video on board electric bus operating in Adelaide. Not very exciting, just a video of a bus ride, but still it's an EV built in Australia:



:2twocents
 
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We do build buses in Australia. Full size public transport buses like these:

Built from scratch that is with manufacturing in SA, Tas and Qld. Conventional diesel powered buses shown in the video above built in Tas.

Whilst mostly they're building conventional diesel powered buses they have built electric in SA so we have the capability.

Passenger video on board electric bus operating in Adelaide. Not very exciting, just a video of a bus ride, but still it's an EV built in Australia:



:2twocents

I don’t know the details of the bus factory, but I can bet a lot of the components are still imported.

That was my point, even if you build cars here, you will still be relying on imports, even the USA’s car factories, including Teslas rely on supply chains that source parts from all over the world.

As I have said before globalisation is here to stay, mercantilism is dead.
 
Let them, and we will purchase their subsidised vehicles.
Where are all the cheap cars that we were promised when car manufacturing was killed off in Australia and the consumer was supposed to save all the import duties?

I reckon the retailers are pocketing the savings (as they do).

Ballpark 60 grand for a dual cab ute made in Thailand is no bargain.
 
Where are all the cheap cars that we were promised when car manufacturing was killed off in Australia and the consumer was supposed to save all the import duties?

I reckon the retailers are pocketing the savings (as they do).

Ballpark 60 grand for a dual cab ute made in Thailand is no bargain.
I don’t think an Australian made car would be cheaper, but if there was unusually high profits being made by retailers, you would think that competition would reduce that.
 
I don’t think an Australian made car would be cheaper, but if there was unusually high profits being made by retailers, you would think that competition would reduce that.

There is a world wide shortage of vehicles now due to covid, so manufacturers are all competing to get the highest price not the lowest.
Yeah, but we can employ people in any industry.

That's an argument to get rid of any other industry you don't like. :cool: Why not get rid of financial services people so we can employ them in electric car building ? :roflmao:
 
There is a world wide shortage of vehicles now due to covid, so manufacturers are all competing to get the highest price not the lowest.


That's an argument to get rid of any other industry you don't like. :cool: Why not get rid of financial services people so we can employ them in electric car building ? :roflmao:
No, it’s an argument to focus on the industries that make sense, and grow organically, why would you want to get rid of an industry that makes a profit to focus on one that needs a subsidy.

Do you really think have an assembly plant here would fix the global chip shortage? Our plants would still be waiting on parts to arrive like all the others around the globe.
 
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