If technology accelerates, Australia could reach a “revolutionary turning point” in its transition to zero-emission vehicles.
The association also reported that the shift towards electric cars will bring structural change and pose significant challenges to the sector, however government intervention could have a major impact on outcomes.
It also found that apprehension among consumers and businesses about whether the Federal Government would impose its own tax regime on low emission vehicles on top of the state levies already being designed was hurting confidence.