Australia promotes EVs to decarbonize transport, although adoption has yet to catch up with the global market. However, supply and demand forecasts based on non-price determinants indicate that the Australian EV market will experience growth because of increased demand and supply over the next ten years, and the net overall position will be positive.

Please provide a summary of the macro-economic environment and the impact this may have on the above forecast and give a clear recommendation on any actions that the Board should take.