Australia's federal budget highlights a pivotal transition towards electric transport and energy security, driven by rising fuel prices and geopolitical uncertainties. With $500 million allocated for active transport initiatives like walking and cycling, and $3.8 billion for Melbourne's Suburban Rail Loop, the budget aims to enhance connectivity and sustainability. However, significant gaps remain, particularly in expanding the electric vehicle (EV) charging network and addressing the impending decline in fuel excise revenue, which is projected to contribute $28 billion next financial year. As the EV market matures, with 16% of new car sales being battery EVs, the government is reducing tax incentives, believing fewer are needed. Yet, the lack of a comprehensive plan for infrastructure and revenue replacement poses challenges. The budget reflects a broader understanding that transport is integral to economic resilience and national sustainability, requiring ongoing investment and policy stability to support the transition to electric transport.