- Crude Petrolium. $20.830 billion. (75% used for transport; $15 billion)
- Refined Petrolium. $14.305 billion.
- Passenger Vehicles. $14.159 billion.
Although 2000 - 2001 was a peak in production the cost is getting huge.
Transport accounts for 75% of the Oil.
I believe that if Australia as united entity decided together that we should switch to Electric vehicles, we could eliminate sending 10's of billions of dollars per annum to foriegn countries, save car manufacturing by ramping up Toyota's production and avoid a possible iminent Oil supply/demand crash.
If we made and purchased electric vehicles such as the Toyota Camry Hybrids (note), we could substantially reduce our third biggest cost, importing cars.
(Note: Personally I think Plug-in Hybrids are significantly better than current Hybrids, or better yet, all electric.)
List of Car Manufacturers making Electric Vehicles
Toyota Prius and Camery
Tesla Model S: 100 km/h in 4.2 sec, up to 424 km range.
17 million vehicles in Australia.
1 million in new vehicle sales per year.
As its impossible to jump to 100% sales, my guess it will take minimum 25 years to change over.
If we started at 2017, we finish at 2042.
However, well before then, the price of petrol will be well over $2 per litre and we will have spent a huge amount of money importing oil.
Every car manufacturer is making, or planning to make an electric car or hybrid. This in itself should tell you something. (see Peak Oil, read more...)
If you own a large petrol vehicle and live in an outer suburb with no public transport, after 2020 you have a problem. Your vehicle will be what is called "a stranded Asset" (low resale value). And your fuel bill will get much bigger.