Part 2/7:
An interesting comparison is drawn between Australia and the UK, where recent experience has highlighted the steep costs associated with charging EVs. It was revealed that charging an EV over there costs between $70 and $100 for a full charge at fast chargers—equivalent to filling a petrol tank, which makes the economics quite comparable. The speaker notes that fast charging prices in the UK are well over a dollar per kilowatt-hour, which is substantially higher than the current Australian rates.
The alarming takeaway is that if energy prices in Australia continue to rise, residents could face similar or even higher expenses. This could alter the perceived affordability of electric vehicles, potentially dampening future sales growth if consumers begin to feel the economic pinch.