{"id":29079,"date":"2023-02-23T04:08:42","date_gmt":"2023-02-23T04:08:42","guid":{"rendered":"https:\/\/www.cos.net.au\/c\/?p=29079"},"modified":"2024-11-05T05:06:46","modified_gmt":"2024-11-05T05:06:46","slug":"electric-vehicles-in-australia","status":"publish","type":"post","link":"https:\/\/www.cos.net.au\/c\/cospedia\/electric-vehicles-in-australia","title":{"rendered":"<strong>Electric Vehicles in Australia\u2014What Role Will They Play in Our Sustainable Future?<\/strong>\u00a0"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"29079\" class=\"elementor elementor-29079\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-184df83 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"184df83\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d9f993f\" data-id=\"d9f993f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1cb9d0e elementor-widget elementor-widget-text-editor\" data-id=\"1cb9d0e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">Recent sales data shows that from the beginning of 2022 to 2023, the number of <\/span><span data-contrast=\"auto\">electric vehicles<\/span><span data-contrast=\"auto\"> on Australian roads has almost doubled\u2014growing from 44,000 to 83,000 and accounting for 3.8% of new vehicle sales.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">As charging infrastructure improves, prices for the vehicles themselves come down, and supply ramps up to meet demand (there are currently waiting lists as new electric vehicles (EVs) sell out almost immediately), we should continue to see a steady growth in the number of electric cars being driven around the country.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Excitingly, as part of our company-wide push towards net-zero operations, COS has introduced its first electric delivery vehicles, starting in Canberra and soon expanding to other regions. This initiative not only makes us an industry leader, but sets us up for a future where petrol-powered vehicles are phased out and businesses begin to incorporate a wider range of eco-friendly practices into their operations.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-496658f elementor-widget elementor-widget-heading\" data-id=\"496658f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How do electric vehicles work?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-68e7e52 elementor-widget elementor-widget-text-editor\" data-id=\"68e7e52\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW127921704 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW127921704 BCX0\">Electric <\/span><span class=\"NormalTextRun SCXW127921704 BCX0\">vehicles <\/span><span class=\"NormalTextRun SCXW127921704 BCX0\">don&#8217;t have a regular gas engine. Instead, they have an electric motor that&#8217;s powered by a <\/span><span class=\"NormalTextRun SCXW127921704 BCX0\">large<\/span><span class=\"NormalTextRun SCXW127921704 BCX0\"> battery that you have to plug into an electrical outlet or charging station. <\/span><span class=\"NormalTextRun SCXW127921704 BCX0\">As<\/span> <span class=\"NormalTextRun SCXW127921704 BCX0\">they run on electricity, they <\/span><span class=\"NormalTextRun SCXW127921704 BCX0\">have<\/span><span class=\"NormalTextRun SCXW127921704 BCX0\"> gas tank<\/span><span class=\"NormalTextRun SCXW127921704 BCX0\">s<\/span><span class=\"NormalTextRun SCXW127921704 BCX0\">, fuel pump<\/span><span class=\"NormalTextRun SCXW127921704 BCX0\">s<\/span><span class=\"NormalTextRun SCXW127921704 BCX0\"> or fuel lines<\/span><span class=\"NormalTextRun SCXW127921704 BCX0\">, and don\u2019t produce any exhaust fumes<\/span><span class=\"NormalTextRun SCXW127921704 BCX0\">.<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-be7b8d2 elementor-widget elementor-widget-heading\" data-id=\"be7b8d2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Advantages of electric cars<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5fefd52 elementor-widget elementor-widget-text-editor\" data-id=\"5fefd52\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span class=\"TextRun Highlight SCXW166545699 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW166545699 BCX0\">Electric car benefits<\/span><\/span><span class=\"TextRun SCXW166545699 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"> <span class=\"NormalTextRun SCXW166545699 BCX0\">are quite straightforward, <\/span><span class=\"NormalTextRun SCXW166545699 BCX0\">with marketing campaigns geared towards letting people know they <\/span><span class=\"NormalTextRun SCXW166545699 BCX0\">can help the planet w<\/span><span class=\"NormalTextRun SCXW166545699 BCX0\">ithout <\/span><span class=\"NormalTextRun SCXW166545699 BCX0\">compromising aspects of their lifestyle<\/span><span class=\"NormalTextRun SCXW166545699 BCX0\">. <\/span><span class=\"NormalTextRun SCXW166545699 BCX0\">EVs promise:<\/span><\/span><span class=\"EOP SCXW166545699 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p><ul><li><strong><span class=\"TextRun SCXW259164683 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW259164683 BCX0\">Reduced emissions and improved air quality<\/span><\/span><\/strong><span class=\"TextRun SCXW259164683 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"TextRun SCXW259164683 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW259164683 BCX0\">. It is no secret t<\/span><span class=\"NormalTextRun SCXW259164683 BCX0\">hat emissions need to be drastically cut<\/span><span class=\"NormalTextRun SCXW259164683 BCX0\"> if the world is to keep within any of the climate goals set at international <\/span><span class=\"NormalTextRun SCXW259164683 BCX0\">summit<\/span><span class=\"NormalTextRun SCXW259164683 BCX0\">s.<\/span><\/span><\/span><p>\u00a0<\/p><\/li><li><b><span data-contrast=\"auto\">Lower operating costs<\/span><\/b><span data-contrast=\"auto\">. This comes<\/span> <span data-contrast=\"auto\">from both the fact that electricity is currently cheaper than petrol, and that electric cars have fewer moving parts, requiring less maintenance.<br \/><br \/><\/span><p><span data-contrast=\"auto\">A comparison by Budget Direct between two of Hyundai\u2019s 2021 cars, the Kona Electric Elite and the Kona N-Line, showed that after initial costs ($62,000 for the EV and $36,000 for the petrol-powered vehicle), the electric vehicle would save an average Australian driver roughly $1,100 per year ($1560 for petrol versus $426 for electricity). Of course, in the last couple of years, petrol prices have dramatically increased, meaning the savings are likely to be bigger.<\/span><\/p><\/li><li><strong><span class=\"TextRun SCXW13281664 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW13281664 BCX0\">Less noise pollution<\/span><\/span><\/strong><span class=\"TextRun SCXW13281664 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW13281664 BCX0\">. <\/span><span class=\"NormalTextRun SCXW13281664 BCX0\">Electric cars are significantly quieter than <\/span><span class=\"NormalTextRun SCXW13281664 BCX0\">petrol<\/span><span class=\"NormalTextRun SCXW13281664 BCX0\">-powered vehicles<\/span><span class=\"NormalTextRun SCXW13281664 BCX0\"> as there is no<\/span><span class=\"NormalTextRun SCXW13281664 BCX0\"> internal combustion engine<\/span><span class=\"NormalTextRun SCXW13281664 BCX0\">. This is significant in urban areas, where noise pollution is a real problem. E<\/span><span class=\"NormalTextRun SCXW13281664 BCX0\">lectric cars can improve quality of life for residents living near busy roads and help reduce stress levels for both drivers and pedestrians.<\/span><\/span><span class=\"EOP SCXW13281664 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:720,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259,&quot;335559991&quot;:360}\">\u00a0<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-50710a4 elementor-widget elementor-widget-heading\" data-id=\"50710a4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Electric cars\u2014key considerations<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0b82a56 elementor-widget elementor-widget-text-editor\" data-id=\"0b82a56\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">Of course, every new technological development brings with it some complexity. Some of the main considerations in relation to EVs include:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"5\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Limited range<\/span><\/b><span data-contrast=\"auto\">. The term <\/span><i><span data-contrast=\"auto\">range anxiety<\/span><\/i><span data-contrast=\"auto\"> has become part of modern speech, describing the worry over a vehicle not having enough power to reach its destination, leaving those in the car stuck. However, as charging stations become more widespread and the technology matures, range anxiety should be less of a concern.<br \/><\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"5\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Inconsistent recharge times<\/span><\/b><span data-contrast=\"auto\">.\u00a0 To put it simply, charging an EV is more complicated and time-consuming than filling a car with petrol. While charging times are constantly being reduced, there are many variables influencing exactly how long it takes, including the model of car being driven, the charger (and how many people are using it at that time), how full the battery is, and more.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<br \/><\/span><br \/>As a recent Bloomberg article points out, charging is quicker when the battery has less power, meaning topping up at each charging station is not necessarily the best strategy. Every car has a point where plugging in will result in the most efficient charge depending on the model. Luckily, developments mean that these charging strategies adopted by EV owners won\u2019t be needed in the future. Bloomberg also reports that Mercedes-Benz is working on vehicles that can travel further and include a navigation system that calculates the optimal refuelling point in relation to the location of charging points.<span style=\"color: var( --e-global-color-text ); font-size: 1rem; background-color: var( --e-global-color-6758e1c );\" data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:720,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li><\/ul><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"7\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Limited charging infrastructure<\/span><\/b><span data-contrast=\"auto\">. In cities, more <\/span><span data-contrast=\"auto\">charging stations for electric vehicles<\/span><span data-contrast=\"auto\"> are popping up all the time, yet in a country as vast as Australia, those travelling between states and driving in rural areas may not yet have the infrastructure available to them.<\/span>\u00a0<br \/><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"7\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Upfront costs<\/span><\/b><span data-contrast=\"auto\">. In the above section, we mentioned that running costs are considerably lower. Despite this, we can\u2019t neglect the fact that a new EV generally costs significantly more than a petrol-powered car. Luckily, with more uptake, mass production, and a greater number of car companies entering the EV market, we will see a decrease in prices. This introduction of more affordable EVs from established manufacturers is well underway, contributing to the erosion of Tesla\u2019s market share (from 78% in Q4 of 2021 to 58% in Q4 of 2022).<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3c28db3 elementor-widget elementor-widget-heading\" data-id=\"3c28db3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Australian Government support<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b13a424 elementor-widget elementor-widget-text-editor\" data-id=\"b13a424\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">Of course, in a country as big and spread out as Australia, owning a car is pretty much a non-negotiable requirement, which is why it makes sense to promote the purchase of EVs over petrol-powered vehicles or hybrids.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">Up until recently, Australia hasn\u2019t had any coherent take on electric vehicles; however, things are finally starting to change. The Albanese Government\u2019s Minister for Infrastructure, Transport, Regional Development and Local Government, Catherine king, opened up a consultation process in 2022, with submissions helping shape the <\/span><i><span data-contrast=\"auto\">National Electric Vehicle Strategy<\/span><\/i><span data-contrast=\"auto\">. As noted in the department\u2019s media release, transport is Australia\u2019s second largest source of emissions, meaning that the promotion of electric vehicles is critical as part of the country\u2019s efforts to reach net zero by 2050.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-be989e7 elementor-widget elementor-widget-heading\" data-id=\"be989e7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">A boost to local industry<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3e6cf33 elementor-widget elementor-widget-text-editor\" data-id=\"3e6cf33\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">Australia can seriously benefit from the production of electronic vehicles. According to The International Energy Agency, demand for EV batteries will increase more than tenfold over this decade, with Australia containing some of the world\u2019s biggest reserves of critical minerals that are required for their production, including lithium, nickel, cobalt, and manganese ore.&nbsp;<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">&nbsp;<\/span><\/p>\n<p><span data-contrast=\"auto\">As reported in the Sydney Morning Herald, Tesla alone is on track to spend more than $1 billion a year on metals mined in Australia, with an expansion of the sector helping to create thousands of local manufacturing jobs.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-17d9dc7 elementor-widget elementor-widget-heading\" data-id=\"17d9dc7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">COS\u2019s Adoption of Electric Delivery Vehicles<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6c1ac4d elementor-widget elementor-widget-text-editor\" data-id=\"6c1ac4d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">COS is achieving net zero operations in 2023 thanks to a multi-pronged strategy that touches on our warehouses, offices, and supplier relations. As a company that delivers goods all around Australia, a key pillar of our strategy involves adopting vehicles that have a lighter carbon footprint.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">With a successful trial in Canberra, we rolled out our first electronic delivery vehicles in the capital, with an eye to soon expand across the country. While not the cheapest option, we felt the need to act on this issue for a few reasons:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p><ul><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"8\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">COS is an Australian-owned and operated company with significant ties to local communities. Our business can only thrive when Australia as a country is healthy, safe, and prosperous.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"8\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Government policy is likely to mandate certain eco-friendly standards\u2014we are future-proofing our business.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li><li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"8\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">It\u2019s the right thing to do by the planet.<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8daef8b elementor-widget elementor-widget-heading\" data-id=\"8daef8b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">EVs as Part of Australia\u2019s Future<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b0e0a11 elementor-widget elementor-widget-text-editor\" data-id=\"b0e0a11\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">Electric car sales<\/span><span data-contrast=\"auto\"> currently account for just 3.8% of all new cars sold in Australia. This figure is 19% in China, and 86% in Norway. It is clear through this comparison that we have a lot of catching up to do. With the Federal Government on board, <\/span><span data-contrast=\"auto\">electric car costs<\/span><span data-contrast=\"auto\"> coming down, and the maturation of associated technology, we are likely to notice a lot more EVs on Australian roads.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">If you can afford it, electric vehicles are definitely worth the money, making back the initial investment over time, especially as petrol prices rise. However, if you\u2019re happy with your current vehicle, you may want to hold out a bit longer, safe in the knowledge that in a year or two you will be likely to pick up a cheaper and more advanced vehicle.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-95122cf elementor-widget elementor-widget-text-editor\" data-id=\"95122cf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Sources:<\/strong><\/p><ul><li><a href=\"https:\/\/www.theguardian.com\/environment\/2023\/feb\/07\/number-of-electric-vehicles-on-australian-roads-soars-as-demand-exceeds-supply\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">https:\/\/www.theguardian.com\/environment\/2023\/feb\/07\/number-of-electric-vehicles-on-australian-roads-soars-as-demand-exceeds-supply<\/span><\/a><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li><li><a href=\"https:\/\/afdc.energy.gov\/vehicles\/how-do-all-electric-cars-work\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">https:\/\/afdc.energy.gov\/vehicles\/how-do-all-electric-cars-work<\/span><\/a><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li><li><a href=\"https:\/\/www.budgetdirect.com.au\/car-insurance\/guides\/car-buying\/how-much-does-it-cost-to-run-an-electric-car.html\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">https:\/\/www.budgetdirect.com.au\/car-insurance\/guides\/car-buying\/how-much-does-it-cost-to-run-an-electric-car.html<\/span><\/a><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li><li><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-04-27\/how-long-does-it-take-to-charge-an-electric-car\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">https:\/\/www.bloomberg.com\/news\/articles\/2022-04-27\/how-long-does-it-take-to-charge-an-electric-car<\/span><\/a><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li><li><a href=\"https:\/\/www.barrons.com\/articles\/tesla-lost-market-share-in-q4-51673810443\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">https:\/\/www.barrons.com\/articles\/tesla-lost-market-share-in-q4-51673810443<\/span><\/a><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li><li><a href=\"https:\/\/www.bbc.com\/news\/business-48944561\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">https:\/\/www.bbc.com\/news\/business-48944561<\/span><\/a><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li><li><a href=\"https:\/\/www.theguardian.com\/commentisfree\/2020\/sep\/23\/electric-cars-transport-train-companies\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">https:\/\/www.theguardian.com\/commentisfree\/2020\/sep\/23\/electric-cars-transport-train-companies<\/span><\/a><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li><li><a href=\"https:\/\/minister.infrastructure.gov.au\/c-king\/media-release\/next-steps-national-electric-vehicle-strategy\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">https:\/\/minister.infrastructure.gov.au\/c-king\/media-release\/next-steps-national-electric-vehicle-strategy<\/span><\/a><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li><li><a href=\"https:\/\/www.theguardian.com\/environment\/2023\/feb\/07\/number-of-electric-vehicles-on-australian-roads-soars-as-demand-exceeds-supply   https:\/\/afdc.energy.gov\/vehicles\/how-do-all-electric-cars-work   https:\/\/www.budgetdirect.com.au\/car-insurance\/guides\/car-buying\/how-much-does-it-cost-to-run-an-electric-car.html   https:\/\/www.bloomberg.com\/news\/articles\/2022-04-27\/how-long-does-it-take-to-charge-an-electric-car   https:\/\/www.barrons.com\/articles\/tesla-lost-market-share-in-q4-51673810443   https:\/\/www.bbc.com\/news\/business-48944561   https:\/\/www.theguardian.com\/commentisfree\/2020\/sep\/23\/electric-cars-transport-train-companies   https:\/\/minister.infrastructure.gov.au\/c-king\/media-release\/next-steps-national-electric-vehicle-strategy   www.smh.com.au%2Fnational%2Feveryone-wants-a-piece-are-electric-vehicles-australia-s-opportunity-of-a-lifetime-20230119-p5cdq4.html\" data-wplink-url-error=\"true\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">www.smh.com.au%2Fnational%2Feveryone-wants-a-piece-are-electric-vehicles-australia-s-opportunity-of-a-lifetime-20230119-p5cdq4.html<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/a><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t<div class='watch-action'><div class='watch-position align-left'><div class='action-like'><a class='lbg-style3 like-29079 jlk' href='javascript:void(0)' data-task='like' data-post_id='29079' data-nonce='cc06edf113' rel='nofollow'><img class='wti-pixel' src='https:\/\/www.cos.net.au\/c\/wp-content\/plugins\/wti-like-post\/images\/pixel.gif' title='Did you find this useful?' \/><span class='lc-29079 lc'>+1<\/span><\/a><\/div><div class='action-unlike'><a class='unlbg-style3 unlike-29079 jlk' href='javascript:void(0)' data-task='unlike' data-post_id='29079' data-nonce='cc06edf113' rel='nofollow'><img class='wti-pixel' src='https:\/\/www.cos.net.au\/c\/wp-content\/plugins\/wti-like-post\/images\/pixel.gif' title='' \/><span class='unlc-29079 unlc'>0<\/span><\/a><\/div> <\/div> <div class='status-29079 status align-left'><\/div><\/div><div class='wti-clear'><\/div>","protected":false},"excerpt":{"rendered":"<p>With electric vehicles becoming more popular, we examine the role they will play in Australia&#8217;s sustainable future.<\/p>\n","protected":false},"author":6,"featured_media":29080,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[1061,2819,480,2816,2817,2818,647,165],"class_list":["post-29079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cospedia","tag-business","tag-corporate-responsibility","tag-eco-friendly","tag-electric-vehicles","tag-evs","tag-hybrid","tag-social-responsibility","tag-sustainability"],"_links":{"self":[{"href":"https:\/\/www.cos.net.au\/c\/wp-json\/wp\/v2\/posts\/29079","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cos.net.au\/c\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cos.net.au\/c\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cos.net.au\/c\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cos.net.au\/c\/wp-json\/wp\/v2\/comments?post=29079"}],"version-history":[{"count":25,"href":"https:\/\/www.cos.net.au\/c\/wp-json\/wp\/v2\/posts\/29079\/revisions"}],"predecessor-version":[{"id":46453,"href":"https:\/\/www.cos.net.au\/c\/wp-json\/wp\/v2\/posts\/29079\/revisions\/46453"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cos.net.au\/c\/wp-json\/wp\/v2\/media\/29080"}],"wp:attachment":[{"href":"https:\/\/www.cos.net.au\/c\/wp-json\/wp\/v2\/media?parent=29079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cos.net.au\/c\/wp-json\/wp\/v2\/categories?post=29079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cos.net.au\/c\/wp-json\/wp\/v2\/tags?post=29079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}