Business performance
Advocating for EVs Our FY24 research report, Transurban Insights: Electric Vehicles, looked at the state of EV ownership in the cities and regions where we operate. It showed EV ownership is starting to take off in Australia, however EVs’ comparatively higher upfront cost is currently putting ownership out-of-reach for many. The issue of EV affordability is why we launched our EVs for Everyone initiative in FY24. Through EVs for Everyone, we will be connecting with car-reliant communities where people are driving lots of kilometres every week. We will test EV and energy solutions with these communities, working with individuals who will most benefit from EV ownership, and share learnings with government and industry to inform future policy and opportunities. Transurban continues to support the Parliamentary Friends of Electric Vehicles and Future Fuels Transport Group, a non- partisan group of EV-enthusiast Federal MPs that collaborates to address issues slowing Australia’s transition to EVs. This year, we participated in two events and a roundtable in Canberra, focussed on affordable EVs. We know that the actions we take to encourage EV adoption could have a multiplier effect, reducing emissions both on and off our roads. By engaging with government and communities to showcase real-life case studies and affordability solutions, we aim to increase adoption of EVs. Electric vehicles (EVs) powered by renewable energy will deliver a future of reduced global emissions, cleaner air and quieter streets, and play a critical role in the transition to net zero.
Parliamentary Friends of Electric Vehicles event, Parliament House, Canberra
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