Increased fuel security and infrastructure stability
In February 2021, ExxonMobil announced it would close its Altona refinery in Victoria, bringing Australia’s total operating refineries down to just two. The next month, the Suez Canal was blocked for six days after a ship travelling through it became stuck. These events reawakened conversation and concerns over Australia’s reliance on importation of crude oil and our vulnerability to these imported goods showed in big price hikes and lack of supply. The move to EVs disaffirms these concerns, as the electricity used by the cars is manufactured in Australia – be it from standard methods or emerging, greener technologies such as wind and solar.