Michael Mazengarb, The Driven »
“Transport is a significant contributor to Australia’s greenhouse gas emissions, and we’re now at a real inflection point where we can realistically look at the benefits from a fast and complete transition to EVs in this country,” principal author of the report, and Partner at Deloitte Access Economics, Dr Eamon McGinn, said.
“The potential benefits for our economy of the market-led EV solution, in terms of less greenhouse gas emissions, less air and water pollution, and less vehicle noise are truly staggering – almost $500 billion over the next 30 years.”
Deloitte Access Economics assessed the expected cost impacts of road transport through its contribution to air pollution, noise pollution, water pollution and greenhouse gas emissions.
The report estimated that, based on current policy settings, Australians are expected to face social costs of $865 billion caused by road transport through to 2050.