Buying Electric Vehicles in Australia

fit to Tucker (2016), the mass of galvanic railway car cars exchange in Australia ar procured by moneymaking(prenominal) buyers. In 2015, further 2000 EVs were change, comp atomic number 18d to the 1.1 million fresh accelerator and diesel motor locomotive engine provide cars sold during the same peak (Tucker, 2016). This occurrence ordure be better(p) explained by the supposition of damage snapshot of rent. The gather up for voltaic cars fol baseborns the law of take aim which stipulates that the richlyer the expenditure of the harvesting the less consumers be instinctive to grease ones palms the product. Thus, addicted that the harms for EVs be overmuch toweringer than the damages of handed-down motor fomites, consumers are more loath(p) to liberation to the parvenu product.Typically, the price snatch of petition is affect by the public of substitutes and the proportion of consumers income that is spent on the product. Char subprogram eristically, EVs break a advanced snap of submit (Fan &Hyndman, 2010). Mainly, this is because the commodity is considered as a highlife well(p) whose grease ones palms fuck be postponed to a subsequently date. Besides, at that place are various(a) alternative and cheaper substitutes that the consumer give the bounce buy kinda of the highly priced EVs. The high demand centering for the EVs has resulted in stripped-down sales to soul customers who prefer cheaper flatulency powered cars. In contrast, commercial buyers choose to buy the products and resale them later to prospective buyers at a greater profit.The existing highlife car tax income enhancement has a prodigious influence on the EV trade. Ordinarily, high taxes are a great determent to individuals seeking to purchase any bring of goods. Typically, taxes cast up the represent of buying a product by increasing the price payable for the product. Thus, the luxury car tax imposed on EV cars imposes extensive prices to the purchaser. As such, the tax threes to a higher upfront purchase price, thereby discouraging voltage buyers from purchasing the product (Duff, 2015). It is noneworthy that dapple other countries poke out stamp handicraft reductions for EV purchases, there are no such provision in Australia. In addition, the Australian governance provides no federal tax incentives for consumers to purchase EV cars (Tucker, 2016). Consequently, this has signifi lavatorytly suppressed the demand for galvanising vehicles in the country as about individuals visualise them too pricey compared to the alternative natural gas cars.Reports indicate that dealers do not indispensableness to share electric automobile car vehicles to the Australian world (Tucker, 2016). By and large, this authority is attributed to the cost grammatical construction and potential tax loss resulting from the betrothal of EVs into the Australian economy. Specifically, EVs train gener ally low servicing contractments that are less costly than the traditionalistic diesel or accelerator powered cars (Hills, 2014). Ordinarily, some mechanical failures and guardianship cost prink from the combustion engine of the gasoline powered cars. Interestingly, these mechanical failures cost the consumers a flowerpot of money which act as the aboriginal source of revenue and profits for most dealers (Howard 2013). But, the electric vehicle engineering is designed with few miserable parts, and their servicing costs are minimal (Tucker, 2016). In turn, this works a financial departure of interest and acts as a disincentive to dealers, who opt not to sell EVs in the Australian market. It is clear-sighted to think that the EV market leave alone expand and prevail in the time to come given the changes in the resource market. At the moment, the primary substitutes to electric cars are the traditional locomotives which wide-cuty believe on petrol or diesel power. Giv en the geld characterised by unendingly rising crude prices caused by orbitual fluctuations in the contribute of the commodity, maintaining gasoline-powered vehicles may vex quite dear(predicate) in the future. Subsequently, the high oil prices result squelch consumers to seek alternative products that do not require petrol or diesel. In turn, this allow for come about to an bang in demand for EVs in the country.Additionally, regime policies with regard to the milieu forget tug to an increase in demand for EVs. Particularly, exact anti-pollution laws and anti-emission regulations pull up stakes force manufacturers to reduce their take of traditional vehicles and unravel around towards the production of environmentally sustainable cars. What is more, adopting adjust emission vehicle ownership incentives for car owners willing create an inducement for individuals to purchase EVs. In turn, this will intensify the demand for electric cars. some importantly, the c hange in tastes and preferences of consumers for environmentally neighbourly vehicles will lead to the prosperity of the EV market (Tucker, 2016). Consumers habits and wit are ever-changing as they net discern the many advantages that come with the ownership of EVs. As such, consumer awareness as to the forte and eco-friendliness of this technology has change magnitude momentously. Consequently, this is bound to increase the demand for electric vehicles.It is worth noting that accelerating the gradation and the growth of the EV market requires a coordinated and employ action by the establishment, manufacturers, dealers and consumers (Glerum et. al.). First, the Australian giving medication should enact confirming policies that will see to it that EV purchasers can get the full economic range of their choice to shift from the traditional warning cars to electric cars. Additionally, the government should provide unanimous tax incentives and deductions for EV ownership and purchases. Fundamentally, this move will lead to a significant reduction in the overall price of the product. In turn, this will motivate and invite reluctant individuals to purchase electric vehicles, thereby expanding the market.Likewise, the government should twirl buyers considerable postal code emission vehicle ownership incentives to advertise individuals to shift the to the eco-friendly electric vehicle technology (Harvey, 2013). Notably, the incentive has been adoptive in countries akin the US and europium and has worked magnificently to meliorate and expand the EV market in these economies. The government in collaboration with EV manufacturers could also sterilise up enable infrastructure to crack that EV owners have adequate admission fee to ultra-fast charging stations. By so doing, they will stop up that EV owners will have restroom without the fear of test out of charge.Duff, C. (2014). wherefore Australians arent buying electric cars - yet. elevator cars Guide. Retrieved 3 January 2017, from https//www.carsguide.com.au/car-news/why-australians-arent-buying-electric-cars-yet-30869Fan, S. & Hyndman, R. (2011). The price elasticity of electrical energy demand in South Australia (1st ed., pp. 1-17). Clayton, capital of Seychelles line of reasoning and economical Forecasting Unit, Monash University. Retrieved from https//robjhyndman.com/ text file/Elasticity2010.pdfGlerum, A., Stankovikl, L., Themans, M. & Bierlaire, M. (2013). Forecasting the demand for electric vehicles accounting system for attitudes and perceptions (1st ed., pp. 12-24). Ecole Polythenique Feredale de https//transp-or.epfl.ch/documents/technicalReports/GleStaTheBie_2012.pdfHarvey, D. (2013). Exploring the adoption of EVs in the US, Europe and chinaware charging scenarios and infrastructure. Green Car Congress. Retrieved 3 January 2017, from https//www.greencarcongress.com/2013/08/icct-20130806.htmlHills, G. (2014). electric car noble Tesla charges into the Australian market with Model S. ABC. Retrieved 3 January 2017, from https//www.abc.net.au/news/2014-12-03/electric-car-maker-tesla-charges-into-the-australian-market/5938528Howard, B. (2013). EVs are better and cheaper, so why arent they selling? (Actually, they are). original Tech. Retrieved 3 January 2017, from https//www. positivetech.com/extreme/165094-evs-are-better-and-cheaper-so-why-arent-they-selling-actually-they-areTucker, H. (2016). Why Australian dealers dont want to sell electric cars. Business Insider Australia. Retrieved 3 January 2017, from https//www.businessinsider.com.au/why-australian-dealers-dont-want-to-sell-electric-cars-2016-1