The Iran war has sent fuel prices soaring, but it may also be accelerating a much bigger shift in how Australians get around. Electrified vehicles have accounted for more than half of new car sales in recent months, as high petrol prices collide with a wave of cheaper models from China.

Bloomberg economist James McIntyre joins Chris Bourke to explain why the shift could eventually make Australian households — and inflation — less vulnerable to global oil shocks. They also discuss what it could mean for the Reserve Bank and why, after three interest-rate hikes this year, McIntyre thinks the RBA is finally done.

The Iran war has sent fuel prices soaring, but it may also be accelerating a much bigger shift in how Australians get around. Electrified vehicles have accounted for more than half of new car sales in recent months, as high petrol prices collide with a wave of cheaper models from China.
Bloomberg economist James McIntyre joins Chris Bourke to explain why the shift could eventually make Australian households &mdash; and inflation &mdash; less vulnerable to global oil shocks. They also discuss what it could mean for the Reserve Bank and why, after three interest-rate hikes this year, McIntyre thinks the RBA is finally done.

Each week, Rebecca Jones and Bloomberg's team of reporters lift the lid on the biggest stories shaping Australia's place in global business. 

Each week, Rebecca Jones and Bloomberg's team of reporters lift the lid on the biggest stories shaping Australia's place in global business.

Each week, Rebecca Jones and Bloomberg's team of reporters lift the lid on the biggest stories shaping Australia's place in global business.

The Bloomberg Australia Podcast

Each week, Rebecca Jones and Bloomberg's team of reporters lift the lid on the biggest stories shaping Australia's place in global business.

The Surprising Link Between EVs and Interest Rates

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/39ba5791-c21b-4c78-919a-b4b30029ec05/transcript