Understanding the evolving EV landscape

Welcome note

Understanding the evolving EV landscape

At the last count, electric vehicles (EVs) – which throughout this guide encompass battery electric vehicles (BEV) and plug-in hybrid vehicles (PHEV) – accounted for almost 10% of all new vehicle sales in Australia, edging towards the ratios we currently see in Europe and the US. Appetite is increasing as the technology evolves, and with greater supply and choice, EV take-up is rising steadily.

We’ve written about EVs in previous Broker Guides, however, this is a continually evolving space – and it’s one that provides huge opportunity for both brokers and businesses.

Throughout this guide, we delve into EVs from a number of different angles, providing a rounded and realistic view of EVs, and their potential in business terms, too.

We explore the current state of EVs globally and here in Australia, and look at what a transition to EVs could look like for businesses.

For some organisations, now isn’t the right time – for others, there is a significant opportunity. However, it’s not as straightforward as introducing some new petrol or diesel vehicles into a fleet – there’s a lot of groundwork to cover, including policies, procedures and driver familiarisation.

There are a number of concerns people have about EVs, too – including range and charging, the availability of repairers, as well as battery fires and what the environmental impact of an EV actually is.

In this guide, we bring together experts from national organisations and the world of academia – as well as Allianz’s dedicated EV and sustainability people – to tackle some of these conversations head-on.

As a broker, you need a realistic view of EVs and the role they can play for your clients. It’s not our role to promote or sell EVs; it’s our role to help businesses understand the opportunities and risks, the challenges and the potential benefits, and weigh them up.

One thing is for certain, however – transport is one of only three sectors in which emissions are still increasing in Australia, and action is needed.

Collectively, we have an opportunity to do something about that right now – and EVs are undoubtedly part of that solution.