EVs Could Provide Australia With An Opportunity To Rebuild Its Automotive Industry | Carscoops

, something it’s looking to tap into more and more, that is currently worth $1.1 billion . Processing the materials into batteries, however, could make the industry worth $22.1 billion , according to the report.Although the transition wouldn’t be a solution to all of Australia’s woes, it would help revive the industry that was once the “glue that held communities together,” according to the report’s lead author, Dr. Mark Dean.

The report recommends setting up a commission with government, business, and union representatives to map out the future of the industry. It also recommends ensuring that the new industry is powered byand regulations be set up to provide customers and businesses with incentives for switching to greener technology.

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