EV vital to Australian tourism to relieve ‘Range Anxiety’

By David Sullivan. Published at Sep 18, 2019, in The Green Keeper

The launch of the first ultra-fast electric vehicle charging station with liquid-cooled cables on the Great Ocean Road in Victoria should send a strong message to the Australian tourism industry that Australia needs the infrastructure to meet tourist expectations and offer travellers the facilities fast growing in other countries writes David Sullivan, Head of Electrification Products division at ABB.

Long distance drivers need super rapid charging infrastructure on our highways, to allow us to drive the distances we have in Australia comfortably and feel reassured that we will never run out of charge.

The lack of a robust charging infrastructure is a major concern for most Australians, fueling ‘range anxiety’ – the fear that your EV doesn’t have enough charge to cover your trip or make it to the next charging station. While Australians see the benefits of EVs - 79 percent feel they have a responsibility to set a good example for future generations - three in four consumers feel there is a lack of public charging infrastructure.

With government support and investment, we could see the infrastructure rolled out in a comprehensive way. As the vehicles become more prevalent on roads down under, the industry will become far more attractive for private players, further speeding up EV adoption.

The process has already begun. Chargefox, which plans to build a government backed network of EV stations connecting major cities in Australia, is collaborating with ABB for several sites.

ABB's Terra High Power electric-vehicle chargers enabled the launch of Australia’s first liquid cooled charging station in Euroa, Victoria on the Hume Highway, some 160km North East of Melbourne and Barnawartha North, near Albury. The 350kW Terra HP charging stations are the first with liquid-cooled cables to be installed in Australia and can deliver up to 200km of range in 8 minutes, making them the fastest of any charger currently deployed across the country. The Chargefox ultra-rapid network will extend to a total of 21 sites to be launched before 2020.

Australia is rich in natural resources, including lithium and nearly every other material required to build EV batteries. When the EV industry really takes off, it has a real potential to revitalise its workforce and economy.

Most Australians are more open to an EV than they were five years ago, with half saying that electric vehicles are cool and trendy. 75 percent of new car buyers are considering EVs, while 11 percent of motorists have decided to purchase an EV as their next car.

The great advantage of EV is home charging. Nobody can fill up their petrol car at home, but you can charge your electric vehicle at home, while you’re sleeping. This provides you day-to-day, the trips to-and-from work, to-and-from the supermarket, just around town, without any need for additional charging.

The challenge comes when we go on holidays, when we go down the coast, up the mountains, out in the bush. How do we ensure we have enough charge? This is where investment in infrastructure is require on our highways, in our outer-suburbs and in our country towns. We are looking then for fast charging, rapid charging.

Infrastructure, like that launched on the Great Ocean Road, is vital to meeting the needs of Australians and our valuable tourist industry.

View Our Investment Portfolios

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why Finfeed.com is Australia’s leading small cap publication

Founded seven years ago, Finfeed.com is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise.

Finfeed.com provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more.

Finfeed.com is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!