WEBVTT - New research shows only one in four Aussie drivers plan to go electric

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<v Speaker 1>But with this deteriorating tension in the Middle East, do

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<v Speaker 1>we need to prepare ourselves for cost pressures at the bowser?

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<v Speaker 1>Is the price of petrol about to go up significantly?

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<v Speaker 1>Stephen Moyer is the CEO of the Motor Trades Association

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<v Speaker 1>here in Wa and he joins me live on six

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<v Speaker 1>pr right now today, Stephen.

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<v Speaker 2>Gaoli could hurt more than a be en apple punch.

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<v Speaker 1>Couldn't it the way that we've sent that tension in

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<v Speaker 1>the Middle East, because we're not going to have as

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<v Speaker 1>much oil now produced and available globally? Stephen, is that

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<v Speaker 1>the reading that you have of what's happening over there

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<v Speaker 1>in Iran?

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<v Speaker 2>Yeah, Well, the tip is that Iran's going to block

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<v Speaker 2>off straight that supplies about twenty five percent of the

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<v Speaker 2>world's oil. That's going to have a flow on There's

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<v Speaker 2>no doubt about it. So I think we need to

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<v Speaker 2>brace ourselves. We've had a very nice period of low

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<v Speaker 2>petrol pricing, so I think we can brace our salts

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<v Speaker 2>through something close to two dollars the way it's going, and.

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<v Speaker 1>When we get to the top of that cycle, it's

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<v Speaker 1>always a Wednesday, so we're not far away from that.

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<v Speaker 1>Stephen could it move as quickly as this week.

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<v Speaker 2>Look, I would be really cynical for anyone to put

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<v Speaker 2>their prices up off the back of that. There's a

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<v Speaker 2>two week supply lag, so you would expect retailers to

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<v Speaker 2>do the right thing and keep those prices as they

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<v Speaker 2>bought them at wholesale. I think what consumers should do

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<v Speaker 2>is jump onto the US train issue to petroleum. You

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<v Speaker 2>can pick up there the wholesale price every day, and

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<v Speaker 2>then you can make an informed decision as to who's

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<v Speaker 2>giving you a fair deal and who's actually ripping you off.

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<v Speaker 1>Because it went up about thirty bucks today. Oiled in

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<v Speaker 1>it at the start of trade, and I don't know

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<v Speaker 1>where we ended, but it just feels as though it's coming.

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<v Speaker 1>And we haven't had had this conversation for a little while, Stephen.

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<v Speaker 2>It's been a while, and it's been lovely actually not

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<v Speaker 2>to have to talk about high fuel prices. But I

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<v Speaker 2>think we're back in there. And of course that always

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<v Speaker 2>leads on to the old subject of evs and you know,

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<v Speaker 2>should I go out and buy myself an electric vehicle

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<v Speaker 2>to avoid the cost?

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<v Speaker 1>Well, it's good timing you say that, because new research

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<v Speaker 1>that's just come out from the Micar Mobility Index shows

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<v Speaker 1>there's a growing wave of caution amongst dozzies when it

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<v Speaker 1>comes to evs at hybrids. Just one in four ICE

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<v Speaker 1>drivers planning to now make the switch, a twelve percentage

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<v Speaker 1>point drop since twenty twenty four.

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<v Speaker 2>Stephen, surprise, surprise.

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<v Speaker 1>No.

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<v Speaker 2>I think consumers are voting with their feet. Hybrid technology

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<v Speaker 2>is the way to go. That's when a lot of

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<v Speaker 2>people who want to be responsible with their fuel are

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<v Speaker 2>pushing and evs. There's a number of problems only with

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<v Speaker 2>the EV market right now, and it's not what a

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<v Speaker 2>lot of people suggest is infrastructure. It's actually other terms

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<v Speaker 2>like what is this car going to work in three

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<v Speaker 2>to five years time? The resale value. That's a real

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<v Speaker 2>concern when you're a laying out between fifty and whatever

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<v Speaker 2>top of the line you want to go to, and

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<v Speaker 2>that car's dropping forty sixty percent every year in value,

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<v Speaker 2>So that's a big problem. The range is still and

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<v Speaker 2>then is a problem. I mean, you know, is it

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<v Speaker 2>viable to say that I can do a weekend away

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<v Speaker 2>without in stress? People are still very concerned about that.

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<v Speaker 2>And then of course there is the price, and most

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<v Speaker 2>of the good offerings are still north of fifty thousand,

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<v Speaker 2>which is ten thousand above what the average family spend

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<v Speaker 2>on a new car.

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<v Speaker 1>And we had the subsidy end, didn't we only a

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<v Speaker 1>couple of months ago, particularly for those who are trying

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<v Speaker 1>to buy themselves a hybrid vehicle. Stephen, do you think

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<v Speaker 1>that may have all of a sudden had people looking

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<v Speaker 1>at the price of these things and thinking, oh, maybe

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<v Speaker 1>not yet, it's just going to be a little bit

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<v Speaker 1>more expensive.

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<v Speaker 2>No. Absolutely, it's got a correlation. We saw this with

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<v Speaker 2>LPG Olie when there were subsidies in there for LPG,

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<v Speaker 2>people were going crazy for him. As soon as the

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<v Speaker 2>governments withdrew the subsidies, LPG industry wound up very very quickly.

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<v Speaker 2>I think it's going to be the same with hybrid

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<v Speaker 2>and EV technology. If government's not prepared to put in

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<v Speaker 2>some serious incentives, people just will stay with the ice conversion.

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<v Speaker 1>And maybe they will bring back the incentives. If we say,

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<v Speaker 1>crystal ball that two dollars alter price mark now for

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<v Speaker 1>petrol going forward, Stephen, whatever happens over the coming weeks

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<v Speaker 1>with the tension in the Middle East, then all of

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<v Speaker 1>a sudden, hybrids and yes, evs might come back into

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<v Speaker 1>the conversation for Australian motorists.

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<v Speaker 2>But people still need to make that assessment. Olio is

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<v Speaker 2>to okay the premium mine that I'm paying get myself

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<v Speaker 2>into an electric vehicle. Will I make that up in

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<v Speaker 2>savings on petrol? You know the average family spends around

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<v Speaker 2>two and a half thousand dollars a year on petrol.

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<v Speaker 2>You know the cost of an EV is considerably higher

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<v Speaker 2>than the conventional car of the same level.

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<v Speaker 1>Good on this, Stephen, thankes few time as always.

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<v Speaker 2>Good on you. Excuse me,