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Motorists : Comments
By David Leyonhjelm, published 18/4/2018The tax penalty for buying a new car is a key reason why Australia has an old car fleet, with the average age of cars in Australia around 10 years.
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If today I owned a car that was say 8 years old I would wait for 7 or so years before buying a new one, because by then level 5 automation (ie: completely self driving) will be commonly available and coming rapidly down in cost also electric cars may finally make economic sense. (At the moment electric cars are just token symbolic gestures for people who want to display green credentials- they currently don't make economic sense. Trust me on this- I know because I personally did the numbers for this just a couple of months ago.)