EV sales accelerate in Australia | ticker VIEWS

Electric Vehicle sales are booming in Australia, according to a new report from the Electric Vehicle Council

The Electric Vehicle Council is the national body in Australia, representing businesses involved in producing, powering, and supporting EV’s.

New figures by the Electric Vehicle Council reveal new EV sales have spiked to record highs, in just six months.

In a nutshell, EV sales are up, the range of EV models is up, charging infrastructure is up and the Government support of EV’s is up.

Behyad Jafari is the CEO of the Electric Vehicle Council and is on a mission to electrify road transport in Australia.

“Within the first half of 2021, we’ve sold more electric vehicles than we did all of last year. We’re on track to more than double Electric Vehicles sales in these 12 months.”

Behyad Jafari, CEO Electric Vehicle Council

The report

The last twelve months have demonstrated that electric vehicles are here to stay in Australia, and indeed around the world.

Electric vehicle sales have grown despite the global pandemic, and with the world now in an economic recovery phase, this growth is expected to continue.

The figures show new Electric Vehicle sales data shows 8688 batteries and plug-ins have sold in the first half of this year.

Government incentives

Government incentives are now pouring support into the market. The market is predicting to see rapid growth into the long term future.

This period also saw the introduction of Australia’s best electric vehicle policy to date, with the NSW state government introducing an Electric Vehicle Strategy.

The strategy is backed by $500m of investment to accelerate the uptake of zero-emissions vehicles.

The NSW Government incentive program is significant and comparable with leading sectors overseas. These kinds of incentives create greater confidence in availability and sales in the market.

All positives, no negatives

Transport emissions are one of the biggest causes of greenhouse gases in Australia. Therefore, the shift to Electric Vehicles is vital for the environment, but also our health and fuel security as well.

“We need to move away from fossil fuels to power our trucks, and buses and cars, and we need to move towards zero-emission vehicles.”

Scott Hamilton, Energy expert & Ticker climate co-host

Models and Makes on Aussie Shores

There are thirty-one models of Electric Vehicles for sale in Australia including Hyundai, Nissan, MG, and Tesla. In addition, 14 of the models are valued at under $65, 000.

In Australia, the figures predict there will be 58 Electric Vehicle models by 2022. Australia currently has over 3000 charging stations, with more on the way.

Globally, several carmakers have now set timelines to become 100% electric including Jaguar Land Rover by 2025 and Volvo by 2030. Others include Mazda, Nissan, Honda Daimler, and General Motors.

In addition, other carmakers have committed to electric vehicle model targets by 2025. For example, Audi is set to have 30 electric vehicle models available by 2025 and the Volkswagen Group is aiming for 70 by 2028.

There will be a wide range of models and different price points. With prices ranging upwards of $40,000.

Soon, we will see price parity with fossil fueled vehicles, when prices begin to dip below $30, 000.

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Accelerate in the right direction

The rest of the world’s leading economies are committed to transitioning away from petrol and diesel cars.

Most recently, United States President Joe Biden signed an executive order to electrify 50% of all vehicles sold by 2030.

Now, Australia is moving in the right direction as well.

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