Australia will be prime to take advantage of the EV transition as resource supply tightens over the next few years and into the next decade. Interestingly the Tesla Model Y racked up 4359 deliveries in September, making it Australia’s third top-selling vehicle behind only the Toyota HiLux (5170) and Ford Ranger (4890) which i had to read this twice to ensure id read it correctly. Although Australias vehicle market is rather small in comparison to others, it shows the Ev transition, even with challenges of charging and electricity supply issues is gaining real momentum.
United States correspondent
Oct 7, 2022 – 4.09pm
Detroit, Michigan | Major American car manufacturers have been in discussions with Australian government officials about co-investing in critical mineral processing here.
Companies such as Tesla and Ford want to hasten the development of critical minerals production in Australia so they can line up sufficient supply of materials such as lithium and cobalt, which are essential for electric vehicles.
EV sales in America have been rising by about 50 per cent per year for the past four years and now account for more than 4 per cent of the 15 million passenger car sales per year.
However, the big car manufacturers can’t keep up. This week Tesla reported below consensus car sales figures in the US representing a $US1 billion ($1.6 billion) shortfall and management blamed that on bottlenecks in supply chains.
AFR Weekend has learnt that General Motors, Tesla, Ford and Toyota have all had lengthy calls with Australian government officials about the potential for co-investment in critical mineral processing. The car companies have declined to comment about how far they will go in terms of investment.
tbc
Tesla, Ford, Toyota jockey for Australia’s critical minerals (afr.com)