More than 112,000 people have claimed Labor’s flagship electric vehicle subsidy, far more than the government initially budgeted for, fuelling calls for Treasurer Jim Chalmers to axe the policy.
Economists are urging Chalmers and Finance Minister Katy Gallagher to use December’s mid-year budget update to rein in spending to help the Reserve Bank of Australia fight inflation, with many arguing the government’s subsidies for household batteries and electric cars should be the first policies on the chopping block.
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