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 21.9%

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

    Votes: 78 39.8%

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

    Votes: 37 18.9%

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

    Votes: 24 12.2%

  • No - would never buy one

    Votes: 14 7.1%
  • Total voters
    196
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over9k said:
Unless you're smart with your money and buy a classic (or future classic) car ;)

Or do you mean for actual transportation, not as a toy? Because you just buy an old but reliable shitebox for transportation, like an old corolla or something. As long as it's been maintained, you'll be fine.
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Whisky is a new alternative investment market. I was looking at this company the other day: https://www.caskx.com/

Not sure I would invest, but still interesting.
 
sptrawler said:
I think that is something that people really need to embrace, my generation grew up in an era when cars were an essential item, so adapting to the modern era could be quite difficult.
With the current generation of young adults, I think in capital cities a car is pointles, public transport, cycleways and ride share apps like uber make the owning of a car a waste of opportunity.
The cost of ownership could add considerably to their investment pool.
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Until the next virus or crime rates increase or white/black bashing.....
Living in Australia wo a car is like living a in bubble, you have no clue what this country is, and a flight to Darwin or Broome...
As a more regional outer area guy, i actually find it dismal...
People living in a bubble in one of the most urbanised country of the world yet one of the biggest land mass...viewing the world/their own country via social media, shows and a cbd microcosm..
But true, this is the way the world is going
A mass of brainwashed morons addicted to consumption and "comfortable" lives with no thinking, thrill or experience once the ecar will become a commoditized share self driving closed box
What a future....
 
Battery technology hasn't moved much in the domestic or commercial markets for a long time. To tell you the truth, I generally notice it in the latest drill or battery powered tool and that market hasn't seen much apart from the battery management in dewalt products.

But there are a range of exciting battery tech out there at the moment.

https://www.google.com.au/amp/s/www...ds-last-months-and-power-over-the-air.amphtml
 
moXJO said:
Battery technology hasn't moved much in the domestic or commercial markets for a long time. To tell you the truth, I generally notice it in the latest drill or battery powered tool and that market hasn't seen much apart from the battery management in dewalt products.

But there are a range of exciting battery tech out there at the moment.

https://www.google.com.au/amp/s/www...ds-last-months-and-power-over-the-air.amphtml
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True, especially excited by the Tesla long life battery, not so much for cars..after all manufacturers will make sure your car is obsolete within 10y so 200 to 500k mileages at most, with gov help
But for home solar plus battery, this is great
Matching life of panel, and longuer than the expected crap built for housing in Australia nowadays
 
over9k said:
Unless you're smart with your money and buy a classic (or future classic) car ;)

Or do you mean for actual transportation, not as a toy? Because you just buy an old but reliable shitebox for transportation, like an old corolla or something. As long as it's been maintained, you'll be fine.
Click to expand...

These guys do pretty well with restoring vehicles; Wheelers and Dealers on Channel 9 Rush:

upload_2020-6-26_14-37-29.png
 
The U.K government and Land Rover to make a hydrogen car, who says there isn't any money around.:D
Also there is a faint glimmer of smoke, from the Australian car industry ashes, in the story.

https://www.drive.com.au/news/jaguar-land-rover-hydrogen-suv-is-coming-123833.html?trackLink=SMH2
From the article:
Meanwhile, new Australian hydrogen car company H2X announced last week the company would be partnering with Canberra-based Elvin Group Renewables to manufacture hydrogen production units locally.

It's expected this collaboration will result in a hydrogen fuel cell vehicle, with H2X announcing its intention to bring local car manufacturing back to Australia.
 
Hydrogen is starting to make inroads in heavy transport, U.K to run a hydrogen fueled train.
https://www.theguardian.com/environ...l-bubbles-up-the-agenda-as-investments-rocket
From the article:
In the UK, the transport secretary, Grant Shapps, this week told MPs that the government will experiment with hydrogen fuel cells for an entire town’s bus network. Earlier this month, the Department for Transport gave £400,000 to the Hydroflex project, run by the University of Birmingham and rail-leasing company Porterbrook, to bring the first hydrogen train to UK main lines in the next few weeks.
 
sptrawler said:
Hydrogen is starting to make inroads in heavy transport, U.K to run a hydrogen fueled train.
https://www.theguardian.com/environ...l-bubbles-up-the-agenda-as-investments-rocket
From the article:
In the UK, the transport secretary, Grant Shapps, this week told MPs that the government will experiment with hydrogen fuel cells for an entire town’s bus network. Earlier this month, the Department for Transport gave £400,000 to the Hydroflex project, run by the University of Birmingham and rail-leasing company Porterbrook, to bring the first hydrogen train to UK main lines in the next few weeks.
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sptrawler said:
NSW could be world's first, to tax electric cars on distance travelled.
https://www.drive.com.au/news/nsw-g...tric-car-usage-tax-123850.html?trackLink=SMH2
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So I wonder if they will give a discount for people in rural areas who have no choice to drive longer distances because of lack of public transport ?

Anyway, if such a tax is reasonable then it has to happen as EV's become more common.
 
Inb4 an entire industry of dodgy tachometers or something springs up.

Who thinks of this drivel?
 
SirRumpole said:
Anyway, if such a tax is reasonable then it has to happen as EV's become more common.
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It could be argued that the taxation approach proposed by John Hewson, then Liberal leader, in 1993 would be a solution.

It was simply a flat GST of 15% on everything, no exceptions, and as part of that did away with specific taxes such as fuel anyway.

I'm not saying that's the only way or necessarily the best way, just that it was an actual proposal at the time from a credible political party, one of the two majors, and is one way it could be approached. It's proof of concept that transport doesn't necessarily need to be directly taxed regardless of how it's powered but could be simply seen as just another area of economic activity. Eg we don't have specific taxes on most other things. :2twocents
 
Governments always manage to screw up the best of things with taxes. unless uniform rate, it advantage disadvantage sectors people based on assumptions which will mostly be wrong and need another layer of patch up rates exceptions etc
With time , your country efforts goes in controlling avoiding and managing taxes.
Whole professions and PS sectors parasite the society, what a shamble.
We are now getting ready for the next round..but my eBike is taxed as much as his eFerrari
But my eTruck needs this power etc etc
 
Smurf1976 said:
It could be argued that the taxation approach proposed by John Hewson, then Liberal leader, in 1993 would be a solution.

It was simply a flat GST of 15% on everything, no exceptions, and as part of that did away with specific taxes such as fuel anyway.

I'm not saying that's the only way or necessarily the best way, just that it was an actual proposal at the time from a credible political party, one of the two majors, and is one way it could be approached. It's proof of concept that transport doesn't necessarily need to be directly taxed regardless of how it's powered but could be simply seen as just another area of economic activity. Eg we don't have specific taxes on most other things. :2twocents
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If such a plan was accompanied by reductions in income tax and appropriate increases in pensions, then fine, and why shouldn't the same principle apply to business ?

In fact a lot of businesses avoid profits tax but they couldn't avoid GST so replacing income tax with GST for business would seem a good idea.
 
SirRumpole said:
If such a plan was accompanied by reductions in income tax and appropriate increases in pensions, then fine, and why shouldn't the same principle apply to business ?

In fact a lot of businesses avoid profits tax but they couldn't avoid GST so replacing income tax with GST for business would seem a good idea.
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Universal gst for all individuals, entities would be my dream.
 
SirRumpole said:
If such a plan was accompanied by reductions in income tax and appropriate increases in pensions, then fine, and why shouldn't the same principle apply to business ?
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Yep.

Hewson messed up rather spectacularly with selling the message to the public but the basic concept, that of a very broad tax at a fairly low rate that's inescapable, has a lot of merit in my view.

In the context of the thread, it automatically removes the problem for governments having to deal with changes in consumer spending and a shift to electric vehicles are a classic example of that. The tax system self-adjusts, there's no need to do anything specific.

My underlying thought there is that I see no real reason why transport needs to be hugely taxed. Yes governments spend money on roads but then they also spend money on all sorts of things and we don't have special taxes on all those other things to fund the associated expenditure.

If the tax issue is removed then that's one obstacle to EV's gone. :2twocents
 
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