Federal government strategy focuses on EV supply and charging infrastructure

Last updated on 19 September, 2023
We’re starting to see more electric vehicles (EVs) on Australian roads. Some from brands we recognise, like Tesla, but there are also some newer companies that are starting to make their mark on the sales charts.
Driver inside electric vehicle

All this is happening while the federal government puts a plan in place to make electric cars more affordable and accessible for everyday Australians. This plan would help get more people behind the wheel of an EV.

In April 2023, the federal government announced the release of the National Electric Vehicle Strategy (NEVS).

The aim of this strategy is to increase the uptake of EVs to help reduce emissions while improving the well-being of all Australians.

To achieve this, the government plans to make it easier for more electric cars to enter the country, particularly affordable ones. Access to affordable EVs is needed to help more drivers consider making the switch to cleaner electric cars.

The NEVS has a focus to get more resources to build the infrastructure needed to support more electric cars on the road.

This would mean more fast chargers along major highways to help electric car owners charge up during road trips.

According to the latest data on the fast-charger rollout from carloop, Australia already has over 500 active fast-charging locations across the country.

The new strategy will help put more charging stations in the ground so car owners can travel further with electric cars.

By having both affordable EVs and more fast chargers, the new strategy aims to encourage more drivers to switch to an electric car.

The NEVS aims to increase the benefits to EV drivers to encourage more drivers to make the switch. The strategy encourages car makers to import more EVs into the country. Thus, increasing the variety of vehicles which can ultimately save drivers money long-term if they choose EV ownership.

For car owners considering an EV, the strategy highlights the cost benefits they can have by making the switch.

During EV ownership, the maintenance costs are lower compared to a petrol or diesel car.

That’s because electric cars require less maintenance and have fewer moving parts. Less moving parts means less can go wrong and ultimately less repair costs.

Since electric cars are run by electric motors instead of an engine, they can be much quieter than petrol or diesel cars.

These motors also make it easier to drive by allowing drivers to accelerate and slow the car down using just the accelerator pedal. Slowing down of an electric car is known as regenerative braking, which means the driver requires less use of the brake pedal while driving.

EVs don’t produce any exhaust fumes as you may find with petrol or diesel cars, meaning using EVs can make our cities cleaner and healthier places to live.

Other benefits of EVs that are covered in the strategy include the cheaper cost for drivers to run electric cars. At 25c/kWh, for a typical electric car with a 60kWh battery, it can cost $12 to charge from 10-90% at home. That’s a fraction of what it costs at the petrol pump in Australia. You can find out more about charging your EV at home.

With more electric cars making it onto Australian roads, there’s an expectation that many more jobs in the sector will be created. The strategy covers areas like manufacturing and recycling of electric car batteries.

This makes sense with Australia being the largest exporter of Lithium, which is one of the main materials that makes up batteries used to power electric car motors.

Father charging an electric vehicle while wife and children load items into the boot ahead of a trip

As more people consider driving electric cars, the government wants to put adequate plans in place to not only make it easier to purchase one, but also to charge it in more convenient locations.

On a day-to-day basis, this could include being able to charge at home, workplaces, shopping centres, car parks and petrol stations.

Charging at petrol stations and charging hubs along the major highways are all part of the government’s plan for when you’re on the move.

After the release of the strategy, the federal government announced a plan to build new fast-charging stations to connect more rural and regional parts of Australia.

When announcing this new charging network, the federal government highlighted the benefit of enabling more drivers to travel further in eco-friendly electric cars.

This project is expected to help close EV charging gaps, which the government calls “black spots” in the network.

The new planned charging locations will make it possible for those choosing to drive an EV to travel from Darwin to Perth, Broken Hill to Adelaide, and from Brisbane to Tennant Creek in the Northern Territory.

A major infrastructure project like this, along with the NEVS will help more drivers feel comfortable going electric, while enjoying the benefits of cleaner and cheaper motoring.

This article has been prepared by Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL234708 ("Allianz"). In some cases, information has been provided to us by third parties and while that information is believed to be accurate and reliable, its accuracy is not guaranteed in any way.

Any opinions expressed constitute our views at the time of issue and are subject to change. Neither Allianz, nor its employees or directors give any warranty of accuracy or accept responsibility for any loss or liability incurred by you in respect of any error, omission or misrepresentation in this article.

Allianz acknowledges Aboriginal and Torres Strait Islander peoples as the Traditional Custodians of the lands on which we live and work across Australia. We pay our respect to First Nations Elders past and present.

Any advice here does not take into account your individual objectives, financial situation or needs. Terms, conditions, limits, and exclusions apply. Before making a decision about this insurance, consider the relevant Product Disclosure Statement (PDS)/Policy Wording and Supplementary PDS (if applicable). Where applicable, the PDS/Policy Wording, Supplementary PDS and Target Market Determination (TMD) for this insurance are available on this website. We do not provide any form of advice if you call us to enquire about or purchase a product.

Allianz Australia Insurance Limited ABN 15 000 122 850 AFS Licence No. 234708 is the insurer of any general insurance products offered, and Allianz Australia Life Insurance Limited ABN 27 076 033 782 AFS Licence No. 296559 is the insurer of any life insurance products offered. Each entity is responsible for any statements and representations made about its products, on this website.