Chris Bowen on renewable target, wind delays, EVs and electrification

In this episode of Energy Insiders, Giles Parkinson and David Leitch interview Chris Bowen, Australia’s Federal Energy and Climate Minister. The discussion covers the recent fuel crisis triggered by events in the Strait of Hormuz and a refinery fire, and Bowen emphasizes the need for both short-term fuel security and long-term transition to renewables. He highlights Australia’s rapid uptake of home batteries and electric vehicles, noting that 10% of global battery capacity added in March was in Australia and EV sales have risen from 1 in 50 to nearly 1 in 4 new cars in four years. Bowen defends the government’s 2035 emissions reduction target of 62-70%, calling it ambitious yet achievable, and discusses the Capacity Investment Scheme, acknowledging challenges in wind but optimism for solar and storage. He addresses the diesel fuel rebate, arguing that safeguard reforms are driving on-site emissions reductions, and rejects claims that EV tax cuts favor the wealthy, citing high uptake in suburban areas. On the proposed EV road tax, Bowen says it should be introduced when ready, not rushed. He also discusses the upcoming Energy Savings Mechanism, noting ongoing negotiations with states and the need for unanimous agreement. The interview concludes with Bowen emphasizing the government’s commitment to strong climate action and continued policy support.