Australians are becoming more and more aware of the benefits EVs can bring and this is driving an upward trend in sales.
Increasing model availability, decreasing vehicle cost, and growing awareness of the economic and environmental benefits of EVs are changing the way people think about their transport options.
Manufacturers are bringing more EVs to Australia as they wind down production of petrol and diesel vehicles. The price of EVs is expected to drop as innovation continues.
It’s expected that Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs) will reach cost parity with Internal Combustion Engine (ICE) Vehicles by 2025. At which point, an EV becomes the most logical option.
The second-hand market is set to develop along with the new purchase market, meaning EVs will become affordable for all Australians