ELECTRIC VEHICLES : HOW CHARGING WILL IMPACT COMMERCIAL PROPERTY
Service stations have consistently been one of the most attractive “ set and forget ” investment assets across the country , with volumes remaining high and yields consistent . The investment class has seemingly been unaffected by an increase in electric vehicle ( EV ) sales . Australia continues to lag behind the EV discussion , with lacklustre government enthusiasm to set targets while the rest of the world surges ahead . In the recent election we did see some policies come to light with goals to achieve 50 per cent adoption of EVs by 2030 , however incentives differ in state policies by way of registration discount , reduced stamp duty and subsidies . Without a uniform approach to increasing Australians investment into low emission vehicles we ’ ll continue to lag behind international standards , and are unlikely to meet the 2030 target .
However , there ’ s been an uptake in EV sales during 2021 , which saw sales triple on 2020 numbers - this was spurred on by Australian Capital Territory incentives . With average incentives amassing $ 5,840 , including interest free loans , we saw five per cent of all 2021 vehicle sales in the territory represented by low emission vehicles . However , Australia ’ s take up still remains at just two per cent of all sales . Compared to the rest of the world , Australia continues to be a laggard with the European nations EV sales averaging17 per cent of all sales , and a global average of nine per cent . Countries with robust government incentives and mandates fare much better . Norway ’ s 2025 100 per cent target has resulted in a 72 per cent take up of these vehicles .
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