EVs In Australia — Approaching 10% Penetration
As a flashback, these sorts of charts remind me of the numbers published charting the EV takeup in the US a few years ago. It appears that Volvo has increased its presence in the market and pushed the Polestar a little further down the chart. BYD and MG are battling it out for 3rd position behind Tesla. Later in the year, as both brands introduce more affordable models — the MG 4 and the BYD Dolphin — I expect the competition to heat up even more.
Research by the Royal Automobile Club of Queensland has shown that the new $6000 rebate will have a positive impact on EV prices. They expect that it may even bring price parity. A new Toyota Corolla Hybrid sells for AU$36,000. So, a BEV in the low AU$40,000’s with the state government rebate would achieve this.
“We’re expecting a rapid uptake in electric cars in the coming years and governments must prioritise funding to expand our network of charging stations to ensure we can keep up with demand,” Mr Cooney said. “It’s evident Australians and Queenslanders are hungry for sustainable cars and we need to be doing as much as possible to make EVs more affordable and convenient.
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