The future is looking bright for electric vehicles (EV) – and their investors.
Last week, California-based EV infrastructure company Better Place Australia (BPA) signed a landmark deal with multi-utility company ActewAGL to the amount of $60 million dollars over ten years. The agreement will hook BPA’s EV recharge stations up to renewable energy sources.
The news is an important step in the right direction for Australia’s transport future, yet it does not come without its drawbacks. It’s becoming a familiar story: while others grasp the enormous potential inherent Australia’s green future – and at a rate that should make us sit up and take note – we continue to miss out on opportunities right under our noses. The legacy of our oblivious attitude to global market trends and our own exceptional renewable resources will be a disadvantaged and vulnerable economy – and our inaction will only guarantee it.
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