Volkswagen Id.5 2026 News

You’re a new-energy world leader Australia, don’t let anybody tell you any differently. You’re on the cusp of a cheap electricity boom which will only supercharge the transition to electric vehicles.I really don’t like the term “new energy” and I’m embarrassed I used it at all, let alone in the first four words of this story.Forgive me, but it’s now what the industry is calling electricity in relation to EVs and hybrid cars. There’s nothing new about electricity, it’s been keeping the lights on for 150 years, although its success in powering vehicles took longer and this was partly due to not being able to store it in batteries.There’s a lot of emotion in how electricity is produced and also in the viability of electric cars and I don’t really understand why. If I hear another EV naysayer roll out the tired old line about energy prices being prohibitive to running an electric car I’ll ask them which oil companies or coal mines they own.And the same goes for those who talk about the electricity grid not having the capacity to handle the uptake of EVs. Because neither view is based on actual evidence - well not current evidence.That's because currently batteries installed in both private homes and public community locations are creating the next big change that'll see energy prices drop.Australia is a world leader in both the home installation of solar panels (photovoltaic) and the uptake of home batteries to store the electricity the solar generates.According to the Clean Energy Council, at the close of 2025 a third of residential homes in Australia had roof-top solar.  As of 2026, according to International Energy Agency data, Australia leads the world in photovoltaic (solar) uptake per capita.The affordable price of home solar panels of about $8000 on average for a 6.6kW system (after the Federal Government rebate) has made the technology accessible and popular.  Australia also leads the world when it comes to battery installation. Global energy consultancy Rystad Energy says energy storage in the form of batteries is surging, with Australia, China, the UK, US and Germany the main drivers.Batteries small enough to power homes or large scale to power entire suburbs store energy from solar or wind. It’s these batteries that take the unpredictability out of renewable energy.The arguments of solar not being readily available at night or on cloudy days are no longer valid when the energy from the previous month has been bottled and ready for use.It’s this availability that's expected to bring energy prices down. That’s because in times of high demand fossil fuel power stations are expensive, especially gas-fired power stations which are often brought online in times of high demand. This is a major cause of high electricity prices.Storage of electricity in batteries works on the same principle as rainwater in a dam for public use or a tank attached to a house for home use.Home batteries are on the pricey side up front, with a decent-sized unit (10-15kWh) costing up to $16,000, but the Federal Government battery rebate can reduce that by $252 per kWh, or about $4000.Yes, that’s an initial outlay of $20,000 for solar and a battery but you won’t be at the mercy of energy providers any more because you’ll be storing whatever you don’t use. If you’re running an electric car and have a wall unit installed you’re laughing.Not everybody can afford that outlay and many houses aren’t new enough to support larger batteries. The good news is massive public batteries are being introduced. They’ll store electricity from renewable sources and supply it to households.It’ll have to be supported by the old ways too - coal and gas-fire power stations - but change doesn’t happen overnight.The cost of construction of a large-scale battery storage station is now equal to that of building a gas-fired plant. This is really important and will help motivate the shift for an industry that’s resistant to change.A report this week by Japan’s Nikkei Asia quoted data showing battery energy storage stations in China cost A$111 per megawatt hour in 2025, a drop of 27 per cent compared to 2024. That cost is almost equal to the A$110 per megawatt from a coal-fired plant. The key to cost-effective renewable generation and supply of electricity in a way that meets the growing demand of our lives with all our home technology and increasing uptake of electric cars is batteries.Battery tech is now advancing at a rapid pace and that development is led by countries like Australia and China. And this will mean a reduction of consumer energy prices because the cost of its generation is coming down.The final piece of the puzzle are electric vehicles which also operate as mobile power stations. The vehicle-to-load (V2L) function is becoming more common.V2L is offered on a number of models such as the Volkswagen ID.5, Kia EV3, Hyundai Ioniq 5, MG S5, Geely EX5 and BYD Sealion 7, and allows owners to store power in the car or use the electricity in the car’s battery to run appliances. It’ll be a long time before coal and gas is phased out and it will play a backup role for the new system for many years (or decades) ahead, but it’s nice to know that it now looks like our energy will be cleaner and cheaper.