A new report commissioned by non-bank lender Plenti reveals the economics of electric vehicles are stacking up faster than expected, driving household power bills as low as $230 a year and paying off against internal combustion engines in 15 years when bundled with renewable power sources.
The report, written by Accenture, shows there is a potential $8.9 billion market for EVs, but Plenti chief executive Daniel Foggo says the Coalition government failed to provide the right stimulus and support in its federal budget on Tuesday.
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Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au
