chrisp
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EV uptake is on the increase but they would primarily being bought by those with plenty of money. Lets face it only people with plenty of money have $70k to drop on an EV or any other car for that matter. To even get a loan for $70k you would need to be on a pretty decent wicket, to be approved and then able to afford the repayments. I tried to get a loan for $20k when I was carless and was knocked back told I couldn't afford the repayments and I'm paid reasonably well compared to many.
But the prices are coming down. It wasn’t all that long ago that people were talking about ‘those $100,000 EVs’, then it became ‘those $80,000 EVs’, then ‘those $60,000 EVs‘.
And now you can buy one for $40,000 https://www.racv.com.au/royalauto/transport/electric-vehicles/cheapest-electric-car-australia.html How many more years until they hit $30,000?
So, instead of buying a cheap new ICE car, some might make the jump to a cheap new EV - the difference would be $20,000 vs $40,000 with a lot of cost savings to be had along the way.