World's 'Worst EV Policy' Scrapped In Tesla's Promising Playground
Portfolio Pulse from Anan Ashraf
The Australian High Court has ruled against the state of Victoria’s taxes on Zero and Low-Emission Vehicles (ZLEVs), stating that only the federal government can impose excise duties. This decision could boost EV adoption in Australia, where EVs represented only 8% of new car sales in September. Tesla, BYD Co Ltd, Hyundai Motor, and Kia are popular EV makers in Australia. The ruling is also expected to deter other Australian states from introducing similar taxes.
October 18, 2023 | 8:38 am
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POSITIVE IMPACT
The ruling could increase BYD's sales in Australia.
The ruling could encourage more consumers to buy EVs, potentially increasing BYD's sales.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The ruling could increase Hyundai's sales in Australia.
The ruling could encourage more consumers to buy EVs, potentially increasing Hyundai's sales.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The ruling could increase Kia's sales in Australia.
The ruling could encourage more consumers to buy EVs, potentially increasing Kia's sales.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The ruling against EV taxes in Australia could boost Tesla's sales in the country.
The ruling could encourage more consumers to buy EVs, potentially increasing Tesla's sales.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80