EV

A new report by Climate Energy Finance has revealed Australia’s diesel Fuel Tax Credit Scheme disincentivises growth in future industries and will cost taxpayers $37 billion (USD 23.8b) in lost tax revenue by 2030. The report also illustrates how capping these rebates represents a multifaceted advantage for Australian manufacturing of low and zero-emission mining vehicles.

Jaguar Land Rover and Wykes Engineering are building a 2.5 MWh storage system with electric-vehicle batteries taken from Jaguar I-PACE cars. The large-scale system will store wind and solar at an undisclosed location in the United Kingdom.

Australian manufacturer Incat Tasmania is building the world’s largest all-electric ship at its yards in Hobart with the 130-metre-long vessel to be fitted with a 40 MWh battery energy storage system that will power a series of electric propulsion system and waterjets.

Australian mining major Fortescue is now testing a prototype battery-electric haul truck at its Christmas Creek iron ore mine in Western Australia’s Pilbara region.

Chinese battery industry heavyweight Contemporary Amperex Technology has unveiled a new electric vehicle battery that reportedly enables long-range driving on a fast, 10-minute charge. It expects mass production to begin by the end of this year, and vehicles equipped with the battery to be available in the first quarter of 2024.

South Australia’s Flinders University has launched a trial that will test bidirectional vehicle-to-grid charging technology that allows electric vehicles to either be recharged or used as batteries to provide back-up power to the grid.

Western Australia battery tech company Altech Batteries has raised $13.3 million (USD 8.7 million) to advance the development and commercialisation of its sodium-chloride solid state battery project and to progress construction of a silumina anodes battery materials plant in Germany.

South Australia’s planned transition to a zero-emissions public transport system has reached a major milestone with the electrification of the passenger rail line between Adelaide’s CBD and Gawler in the north now complete.

Mining heavyweight Mineral Resources has signed a deal to progress Lithium Australia’s lithium extraction technology by funding the development and operation of a pilot plant that would produce lithium iron phosphate to be used in electric vehicle batteries.

Australia’s shift to zero-emissions vehicles is accelerating with a new report revealing that electric vehicles sales more doubled in the first half of 2023 with battery-powered vehicles accounting for more than 8% of all new car sales.