Forum Topics Automobiles & Changing Landscape
Scot1963
Added 12 months ago

https://widgets.tipranks.com/content/v2/cmc/article/index.html?token=b5c8b9aeAa168A433cA8089A7c134a3c3638&slug=tesla-tsla-drivers-could-get-hit-with-road-usuage-fees&theme=null&ticker=null

Trumps transportation secretary Sean Duffy has said, in confirmation hearings, that EV users should pay more for using EV'S. California is banning ICE, and so there's speculation they are about to introduce user pays per mile charges. Some other US states already have higher registration fees, whilst Hawaii has new charges starting this year.

It's a reflection of the transition to electric away from petrol and diesel of course, but this is the current situation prior to Trumps arrival.

10
Clio
Added 12 months ago

Victoria tried to levy a Road User Tax on EVs. Lower registration, but a pay per km driven (calculated via uploaded pics of your dashboard readings) to make up for the lost petrol tax receipts. It ran for about eighteen months before it was challenged in the High Court and was knocked on the head - because only the Feds can levy certain types of taxes - and the Vict Govt had to repay the amounts with interest.

I gather all the Australian State Governments are looking at how to get around the High Court ruling. I'm an EV owner of nearly 3 years, and honestly...a user pays charge for upkeep of roads (provided it specifically goes to the upkeep of roads) seems fair enough to me. EVs are significantly heavier than ICE vehicles of comparable size, and the composite in the tires is different, too. Denser, I think.

12
Scoonie
Added one year ago

This makes pretty sobering listening. 

EXCLUSIVE: Former GM Exec Warns Tesla and China’s EV Domination Is Unstoppable

As widely reported, China is now the worlds largest exporter of motor vehicles. The Chinese are making EVs at half the price they can in Europe or North American. 

 Western auto makers already feeling the pressure with:

  • VW closing plants in Germany
  • Honda and Nissan talking of a merger

-           GM taking a $5b write-down on their Chinese business.

And, Mercedes is now 19% owned by Chinese interests.

Whilst Australia no longer has a vehicle manufacturing industry these changes are profound and will have all sorts of investing implications, aside from the obvious security/geo-political implications.   

15
Scot1963
Added one year ago

Reports via AP suggest that at 30% tariff rates for imports of Chinese EV's to the EU BYD can still make a profit on 5 of the 6 models it sends there....

Chinese response to EU import tariffs - BYD building a plant in Hungary, Cherry building a plant in Spain.

https://www.euronews.com/business/2024/10/30/european-tariffs-on-chinese-electric-vehicles-all-you-need-to-know

13
Scoonie
Added one year ago

This makes pretty sobering listening. 

EXCLUSIVE: Former GM Exec Warns Tesla and China’s EV Domination Is Unstoppable

As widely reported, China is now the worlds largest exporter of motor vehicles. The Chinese are making EVs at half the price they can in Europe or North American. 

 Western auto makers already feeling the pressure with:

  • VW closing plants in Germany
  • Honda and Nissan talking of a merger

-           GM taking a $5b write-down on their Chinese business.

And, Mercedes is now 19% owned by Chinese interests.

Whilst Australia no longer has a vehicle manufacturing industry these changes are profound and will have all sorts of investing implications, aside from the obvious security/geo-political implications.   

12