Monday 23 May 2022 11:40 PM Anthony Albanese's big plan to stop you driving a petrol car trends now
Anthony Albanese has declared his Government will 'end the climate wars' and take action to significantly reduce emissions in Australia.
The Labor Party will introduce tax benefits to make electric cars cheaper and is forecasting that 89 per cent of new car sales will be electric by 2030.
But Mr Albanese has no plans to ban petrol cars which the Greens had proposed.
It remains to be seen whether the Greens will pursue their ambitious policies - such as banning new coal and gas mines and coal exports - in the senate where they can use their balance of power position as leverage on Labor.
Anthony Albanese (pictured with Penny Wong) has declared his Government will 'end the climate wars' and take action to significantly reduce emissions in Australia
Mr Albanese's new Government will also invest in boosting the electricity grid so it can cope with a big increase in renewable energy sources such as wind and solar power.
Former Energy Minister Angus Taylor claimed the plan would push up power prices by $560 a year, an outlandish claim that was quickly de-bunked by experts - but there could be some smaller short-term price rises.
Here's what you need to know about Labor's plans.
Electric car discountLabor's climate plans include a national electric vehicle strategy.
Electric cars will be exempt from a five per cent import tariff that would reduce the cost of a $40,000 vehicle by $2,000.
They will also be exempt from fringe benefits tax which will encourage workplaces to give their employees electric cars.
The move would result in savings of up to $8,700 for a $50,000 vehicle.
Labor's climate plans include a national electric vehicle strategy. Mr Albanese (centre) visited an electric car dealership in Sydney in March
Labor will also invest $39.3 million (matched by the NRMA) to deliver 117 fast charging stations on highways across Australia.
This will provide charging stations at an average interval of 150km on major roads, allowing Aussies to drive from Adelaide to Perth or Darwin to Broome with an electric car.
The result of these policies is that electric vehicles will make up 89 per cent of new car sales by 2030, with 15 per cent of all cars on the road by then being zero-emission.
Rewiring the nationMr Albanese wants to invest $20billion to rebuild and modernise the electricity grid, bringing forward 11 transmission plans already flagged by the Australian Energy Market Operator.
The Labor leader says the plan, which will attract $58billion of private investment, will allow cheaper renewable sources to supply 82
