Driving Towards an Electric Future: ESG Analysis on EV Uptake in Australia

Team Name

Department of Spice

Team Members

Project Description

Exploring the adoption of Electric Vehicles (EVs) in Australia, this project delves deep into the intricate web of Environmental, Social, and Governance (ESG) factors. Utilizing extensive vehicle registration data, our primary focus is to decipher the factors determining the increasing uptake of EVs and the policies required to achieve net-zero.

From an Environmental perspective, we aim to showcase the tangible benefits of EVs, such as reductions in CO2 emissions and improved air quality. The Social segment elaborates on Australian consumer preferences, underscored by statistical analysis, indicating a shift towards sustainable transport. Through a series of informative graphs, we've highlighted correlations like the influence of income on EV adoption. Lastly, the Governance section paints a vivid picture of how policy changes drive market dynamics. Overlaying new EV registrations with policy shifts, we've mapped out the significant role of government interventions.

By dissecting these ESG pillars, our endeavour is to stimulate informed conversations, promote change, and drive Australia closer to an eco-friendlier transport future.

Data Story

Journeying Through Australia's EV Landscape

In Australia, a quiet revolution is unfolding on the roads. Gone are the days when the environmental impact of cars was a secondary thought. Today, with carbon footprints being mapped to postcodes, the need for Electric Vehicles (EVs) has never been more evident. As smoke-belching engines make way for silent, electric counterparts, the skies have begun to breathe easier. The Australian pulse echoes this sentiment — a remarkable 62% advocate for governmental EV subsidies, and a vision for a fossil fuel-free vehicular future by 2035 is shared by over half. Yet, it isn't just environmental consciousness that's driving this shift. A dive into demographics highlights the unexpected: income isn't the barrier many believed it to be. But perhaps the most compelling catalyst? Governance. As policies shift and evolve, so does the Australian road. It's clear: the path to a greener future is electric.