Explore the latest developments concerning EV sales surge.
After crunching the numbers for years, Ann Hewitt has finally switched to an EV. (ABC News: Nathan Morris)
Electric vehicle uptake in Australia is accelerating as anxiety about fuel shortages and rising petrol prices grows.
A month into the ongoing war with Iran, new car sales data released today show the share of EVs has doubled compared to March last year.
The sales spike is just one signal that the country's car market is shifting, with online searches and showroom visitors surging. But as the world clamps down on fuel supplies and households look to lower their costs, experts are warning that now is the time to iron out existing roadblocks to that transition.
Electric vehicle sales hit a new monthly record in March as the conflict in the Middle East sent fuel prices soaring, even as Australians purchased fewer new cars compared to the same time last year.
Car makers offloaded 15,839 EVs last month, accounting for 14.6 per cent of total sales, data from the Federal Chamber of Automotive Industries and Electric Vehicle Council showed. That was a 42 per cent rise on February’s record 11.8 per cent market share and came despite overall new vehicle sales falling by 2.6 per cent year-on-year.
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When a used vehicle rolls into a car yard, the usual trajectory for its price tag is down if it lingers too long.
That is the (almost) iron law of the secondhand market – until the oil crisis hit and dealers started raising asking prices for used electric vehicles.
Jake Sale, founder of Perth-based MotorMetrics, says lowered prices are not unusual but “up is very uniqueâ€.
MotorMetrics’ live analysis of vehicle inventory shows that secondhand dealers have repriced a variety of used EVs, with Tesla’s Model Y up more than 6% in the last two weeks of March.
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