Australians are doing the sensible thing: buying EVs and hybrids to escape $2/L petrol. Nearly one in two new car sales now. That's 0.4% quarterly spending growth and the RBA sees it as demand that keeps rates high. We're punishing households for trying to save money. The bank's model treats a rational cost-cutting switch as 'inflationary spending.' But where is the same scrutiny on corporate margin expansion? Coles, Transurban, the energy retailers all post record profits without a peep. Fusion's take: EVs are structurally deflationary. They cut household exposure to volatile oil prices and link transport to cheap solar. The short-term 'demand bump' is a transition cost, not a signal to hike rates. The RBA needs to see through the noise, and the government needs to accelerate the transition, not slow it down by letting rate fears drive policy. Ask your MP: why is household cost-saving treated as inflation while corporate profiteering isn't? #auspol #inflation #EVs https://www.theage.com.au/business/the-economy/australians-are-flocking-to-electric-vehicles-there-s-a-hidden-cost-20260903-p60u4j.html