Updated
Updated · The Guardian · Aug 2
Australia EV and Hybrid Sales Reach 49% as Petrol Nears A$2 a Litre
Updated
Updated · The Guardian · Aug 2

Australia EV and Hybrid Sales Reach 49% as Petrol Nears A$2 a Litre

2 articles · Updated · The Guardian · Aug 2

Summary

  • 69,414 battery EVs were sold in Australia in April-June, more than double the 34,435 in the first quarter and the biggest quarterly rise on AAA records.
  • 49% of new cars sold were electric, plug-in hybrid or hybrid models as fuel-price instability pushed motorists away from petrol vehicles; EV share hit a record 21.03% and plug-in hybrids 10.58%.
  • 50.84% of sales still went to internal-combustion vehicles, but that was their lowest share on record and their steepest quarterly drop, down from 64.23% in Q1.
  • A$2-a-litre petrol is again in sight as the government's temporary fuel-excise cut expires Sunday, prompting Treasurer Jim Chalmers to ask the ACCC to intensify price monitoring.
  • The shift marks a sharp break from 2022, when ICE cars made up about nine in 10 new-vehicle sales, underscoring how the Middle East fuel crisis is reshaping demand.

Insights

With cheap Chinese models dominating Australia's EV boom, how will the government's tax incentive rollback impact future buyer affordability?
As electric vehicles capture over 21% of the market, is Australia's power grid truly prepared to handle this massive charging demand?
Will the influx of new overseas EV brands leave Australian consumers vulnerable without updated import protections and warranties?