I would also endorse the views of others here. I held RFT some months back and decided to sell , that in itself is a sure fire way to get the share price to rise!!
i digress, I am currently in Japan and paying particular attention to what’s on the road, it is my area of “expertise” , I would say that 90% of the vehicles, Yokohama, Nagoya, Takayama, Kanazawa are HEVs. This is good for BAP, but I think there will be a long lead time before EVs take hold in Oz. We’re at least 10 years behind Japan and we still have that “I need a big truck” to get a bag of groceries mentality. Have a look at Dual cab sales. We also love to tow caravans around the place, something that EVs are not good at, range wise.
when I went to the Toyota factory last week, there weren’t a lot of EVs on display or being talked about, a shift I felt from when I was here 2 years ago. There were plenty of Hybrids and PHEV (Plug in Hybrid Electric Vevicles), it was also interesting that Toyota have just developed the Mirai, a fuel cell hydrogen vehicle. Similar to Hyundai is this their way of combatting range? You refuel hydrogen vehicles the same way as you refuel an LPG vehicle. There is another infrastructure headache.
The other thing that puzzles me is if Bill Shorten has big incentives for people to get into EVs, where is he going to get the 8 billion of lost fuel excise from?
At the moment I’m on the fence with RFT, I will watch and wait.