Episode Details

Rising global oil prices due to Middle East conflicts are pushing up petrol costs in Australia, with experts predicting a 30-50 cents per litre increase. This could accelerate electric vehicle (EV) adoption, with JET Charge modeling suggesting a 10% boost in sales. EVs, despite higher upfront costs, become cheaper to run as fuel prices rise, offering savings within a few years. Studies from Nordic countries and China support this, showing a strong correlation between higher petrol prices and increased EV purchases. In Australia, rising fuel costs favor smaller, cheaper EVs, and the impact on heavy vehicles like semi-trailers could be significant, with electric trucks becoming cost-competitive at certain diesel price points.

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