Inquiry into the transition to electric vehicles
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20 March 2024
To: Committee Secretary
RE: Inquiry into the transition to electric vehicles
Thank you for the opportunity for the Institute for Energy Economics and Financial Analysis (IEEFA) to provide input on Inquiry into the transition to electric vehicles. IEEFA is an energy finance think tank that examines issues related to energy markets, trends, and policies. The Institute’s mission is to accelerate the transition to a diverse, sustainable and profitable energy economy.
Australia has a huge economic opportunity to reduce its dependence on imported fossil fuels by transitioning to electric vehicles, powered by locally produced, largely renewable energy. Transitioning to EVs can result in lower emissions and lower energy costs for Australians, improving Australia’s energy security and reducing Australia’s exposure to international fossil fuel price volatility.
Kind regards,
Johanna Bowyer, Lead Analyst – Australian Electricity, IEEFA
Jay Gordon, Energy Finance Analyst – Australian Electricity, IEEFA
