To: Committee Secretary

20 March 2024 To: Committee Secretary RE: Inquiry into the transition to electric vehicles Thank you for the opportunity for the Institute for Energy Economics and Financial Analysis (IEEFA) to provide input on Inquiry into the transition to electric vehicles. [...] The EV consumption would increase the utilisation of the networks, acting to reduce energy unit costs that networks need to recover from each customer. [...] The establishment of resources, systems and infrastructure required to support transition to EVs As outlined in our submission to the New Vehicle Efficiency Standard consultation, we need to undertake the following actions to access the range of benefits on offer from EVs: • “Development of an EV-grid integration plan; • Establishment of a body to set CER technical standards, including demand resp. [...] The opportunities for expanding EV battery manufacturing, recycling, disposal and safety, and other opportunities for Australia in the automotive value chain to support the ongoing maintenance of EVs The government and industry should focus on developing a responsible, ethical, resilient EV supply chain to deliver bidirectional charging EVs to Australian homes and businesses. [...] IEEFA encourages the government and energy industry to develop the systems and infrastructure needed to ensure Australia can access the significant economic benefits on offer from the global transition to EVs.