Electric car sales in Australia saw a 161% increase in 2023 compared to 2022, jumping from 33,000 to 87,000 vehicles. Despite this growth, EVs only constitute 1% of the total passenger fleet, although the market share is increasing from 8% in 2023 to 10% in early 2024, surpassing the U.S.
Recent tax concessions and more affordable EV models are encouraging more Australians to switch to electric cars, after years of high pricing and restrictive luxury vehicle taxes. Brands like Tesla, Kia, Hyundai, BYD, MG, BMW, and Volvo are contributing to this shift.
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