While the Tesla CEO is busy rage-tweeting, Roman saluting, dialling into far-right German political rallies, cutting aid funding and sacking US government workers, sales of his car brand in Australia, as well as the rest of the world have gone over a cliff, with January’s poor results continuing in February. The plunge for Nasdaq-listed EV… Read more »
With government subsidies, tax incentives and potential cost savings, plus the ability to lower business vehicles’ tailpipe emissions, small businesses are finding more reasons to transition to electric vehicles (EVs). Whether your motivator is financial, environmental or both, here’s a step-by-step guide if you’re considering making the switch for your business. 1. Evaluate your current business… Read more »
Just before the end of FY2024, my wife and I went for test drives in electric vehicles to replace the 10-year-old SUV we’d used to ferry two kids to schools, sports and holidays, often with friends and/or dog in the back. We planned to downsize and go electric. Three Volvos on over 20 years, we… Read more »
Up until now, electric car manufacturer Polestar has typically displayed the mannered sensibilities of its Volvo heritage, right up to the SUV coupe Polestar 4. But as the company moves out of its Swedish home (Chinese-owned Volvo is keeping an 18% stake while dad, Geely, takes majority control) Polestar is looking to swap sensible for… Read more »
Electric vehicles are an increasingly common sight on Australian roads. Each one cuts carbon emissions by half compared to fossil fuel vehicles, but increases household electricity use by 50%. This extra electricity demand could be a major strain on the grid unless the charging of vehicles is coordinated. But the large batteries in electric vehicles… Read more »
Brisbane startup EVOS has raised $4 million as the first tranche of plans to raise $10m in a Series B. The fresh capital once again came from existing investors, 12 months after the electric vehicle (EV) raised $5 million in a Series A. EVOS was founded in 2020, by Marcelo Salgado, Seshan Weeratunga and Chris… Read more »
As Victorian premier Daniel Andrews heads to the exit door this afternoon after nine years, one mess his successor will need to clean up is the government’s road-user charge for electric and hybrid vehicles, which has been branded unreasonable by state’s Ombudsman Deborah Glass. The government introduced the Zero and Low Emission Vehicles (ZLEV) Act… Read more »
A Brisbane startup focused on fleet energy management and AC charging for electric vehicles (EVs) has raised $5 million in a Series A from existing investors. EVOS was cofounded by three former employees of the Nasdaq-listed Queensland fast charging company Tritium. It previously raised $1.7 million in a Seed round two years ago and since… Read more »
New car sales fell in March, down 3.9% on 12 months ago to 97,251, but the shift to electric vehicles is well and truly underway in Australia The monthly figures from the Federal Chamber of Automotive Industries (FCAI) reveal that battery electric vehicle sales grew by 19.5% on March 2022 figures along with plug-in-hybrid sales… Read more »
Electric car-sharing startup evee is raising capital via crowdfunding, as it looks to expand into the UK and EU markets. Evee launched in 2016 and is now hoping to raise $1.6 million in an equity crowdfunding campaign on Birchal. The company hit three million kilometres of electric vehicle (EV) sharing just days before kicking off… Read more »
NSW treasurer Matt Kean is hoping electric vehicle fans will vote Liberal at next month’s state election, pledging to install 30,000 chargers across NSW by 2026 if they win the election. More importantly, the Coalition government is pledging to reform a major pain point for urban EV users by reforming strata laws to make it… Read more »
Japanese auto giant Suzuki has taken a strategic stake in Australian tech startup Applied EV as part of $21 million round that values the business at $170 million. The raise is the first tranche of a two-part funding round, with St Baker Energy and Innovation Fund making significant investments. Applied EV develops vehicle control systems… Read more »
Researchers at the University of Queensland (UQ) will conduct a world-first global trial to see if the spare battery capacity in electric vehicles (EV) could support the local electricity grid, and potentially power homes. UQ has partnered with analytics platform Teslascope to recruit Tesla owners internationally to take part in the study examining car use and… Read more »
Stamp duty waived on EVs priced under $78,000 from Sept 1 $3,000 rebate on 25,000 EVs priced under $68,750 $171 million for new charging infrastructure The NSW government will waive stamp duty for electric vehicles (EVs) costing less than $78,000 and offer $3,000 rebates to 25,000 people who buy a battery and hydrogen fuel cell… Read more »
In 2007 Malcolm Turnbull turned off an industry’s life support without blinking. The industry made light bulbs, of the traditional kind; so energy-inefficient they lost most of it as heat. “A normal light bulb is too hot to hold — that heat is wasted, and globally represents millions of tonnes of carbon dioxide that needn’t… Read more »
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