Hadamean Siregar MAICD, CPA (Aust.), MBA’s Post

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Commercial Finance | Finance Business Partner | Budgeting | Treasury | Transformation | Business Process Improvement | Energy & Renewables | Trading

Electric vehicles’ future is bright in Australia, but it depends a lot on how quickly charging stations can be built. Concerns have been made about charging stations in Europe, and the same is happening in Australia as it tries to switch to electric trucks. Australia is still in the early stages of adopting this type of vehicles. Electric trucks only have a small market share, about the same as Europe's under 2% for emission-free heavy trucks, even though the government has big plans to cut carbon emissions and shipping companies are becoming more interested.  The country doesn't have a charging infrastructure that is big enough to support broad adoption yet, which is the main problem. Many places, especially rural and remote areas that are important for long-haul trucking, don't have enough charging sites. Putting together a complete charging network will take a lot of money, maybe even billions of dollars. To meet the needs of the logistics business, this network needs to be placed strategically along major transportation routes.  Also, making sure that the electricity source is green is important for getting the environmental benefits of electric trucks. Moving to electric cars must happen at the same time as switching to clean energy sources, which means that the transportation and energy industries must work together.  However, there are reasons why the future is looking bright. The Australian government has started to understand how important electric cars are for meeting climate goals by investing in infrastructure and giving subsidies to people who buy them. It's also important for the business sector to get involved, with logistics companies and truck manufacturers investing in EV technology. Improvements in technology, such as faster charging and better battery economy, will also be very important. Government regulations, like Europe's strict CO2 goals, could speed up the change even more. #ElectricTrucks #EVInfrastructure #SustainableTransport #GreenEnergy #AustraliaEV #CarbonReduction #EVChargingStations

Truckmakers say they are ready to go electric, but what about charging?

Truckmakers say they are ready to go electric, but what about charging?

reuters.com

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