1st April, 2019:
Labor 50% Electric Vehicle Target by 2030 as part of its climate policy.
Labor’s Bill Shorten has today announced a policy targeting 50% of all new vehicle purchases to be Electric Vehicles by 2030 as part of is part of its proposed Climate Policy.
Further to the Nation-wide target of 50% by 2030, Labor will target 50% of its government fleet to be electric vehicles by no later than 2025. Under the policy businesses will also be able to deduct a 20% depreciation for private fleet EV’s valued at more than $20,000.
Natural Solar CEO & Founder Chris Williams welcomed the proposed policy ” Many of our battery customers today have already purchased or are intending on purchasing an Electric Vehicle over the next few years. We see this type of forward looking proposed policy as a way of further accelerating the update of electric vehicles leading to a reduction in overall per capita carbon emissions. The ability to store considerable electricity in home batteries from solar panels allows home owners to charge up their EV’s creating an electrified smart home ecosystem , reducing dependence on the grid and taking control of their expenses. In recognising climate change as a real event , long term policy and targets is key to achieving meaningful reductions in carbon emissions”
Prime Minister Scott Morrison has today announced a shortlist of 12 energy projects which are being looked at further for the potential of underwriting pricing to support the projects.
Importantly, only one of the 12 projects was a coal upgrade. The total The final 12 shortlisted projects was drawn down from an initial 66 projects originally submitted for consideration.
This in no way can be considered a subsidy, however is a mechanise to provide support for the projects. The total capacity of the projects equates to 4000 megawatts which according to the statement is around twice that of Liddell and other coal-fired power stations.
Natural Solar see’s this as a significant shift in focus away from coal towards more innovative and less carbon intensive technologies for the purpose of large scale energy.
Energy minister Angus Taylor is set to announce a $50 million rebate scheme, providing electricity grants for energy reduction, in a bid to reduce energy bills for businesses.
A business will be able to apply for grants of $20,000 – $25,000, whilst community groups will be able to apply for grants up to $12,500.
The scheme is not yet open, and more information will be provided as it is made available.
The Labor Government is expected to announce direct financial support to offer reliable electricity supply around the country, including a $200 million battery subsidy for 100,000 Australian homes.
This is the first proposed Federal Government battery subsidy, and is one key project that will increase the volume of renewable energy and battery storage solutions around the country.
This $200 million battery subsidy policy will subsidise the installation of batteries in 100,000 homes so more Australians can store power generated from solar panels. This will not only guarantee consumer savings, reduce dependence on the grid for Australian homes, but also improve reliability and stability.
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These costs are based on the SA Power network in Adelaide but prices may vary depending on your circumstances. This comparison assumes a general energy usage of 4000kWh/year for a residential customer on Energy Locals Time of Use Tariff – (TOU – Peak, Off-Peak & Solar Sponge).
The reference price is set by the Australian Energy Regulator (AER) for a financial year in relation to electricity supply to residential customers in the distribution region and is based on an assumed annual usage amount. Any difference between the reference price and the unconditional price of a plan is expressed as a percentage more or less than the reference price. The terms of any conditional discounts are shown, along with any further difference between the reference price and the discount applied if a condition is met, expressed as a percentage more or less than the reference price.