Mon. May 23rd, 2022

Thanks to state government incentives, electric vehicle sales in Australia have reached new highs in the last six months. As a result, the industry predicts greater price equality and consumer choice in the next 24 months. According to new car sales figures released on Monday, 8688 batteries and plug-in electric vehicles were sold during the first half of 2021, more than any other calendar year. In addition, six more models below $65,000 have been introduced in the Australian market since last year, bringing the total number of models available under such a price to 14.

The numbers, published in the Electric Vehicle Council’s state of the sector report, show that new car sales in Australia had already surpassed the 6900 units sold last year, a 2.7 percent increase over the previous year. According to the survey, Australians already have accessibility to 31 passenger electric car models from twelve different carmakers, with a further 27 electric vehicle types expected to join the market by the close of next year. According to industry experts, full production cost parity with combustion engine automobiles would be achieved by 2025 at the earliest.

It also reveals that, because of increasing government and private investment, more than 3000 public chargers have been built at more than 1650 locations across Australia, reflecting a ratio of 7.2 electric cars for every public charger deployed. According to the industry, the figure reveals the commercial realities that public charging operators face in the absence of considerable electric car sales growth.

Many of the world’s leading economies have vowed to start moving away from gasoline and diesel cars as part of their efforts to meet key emissions reduction objectives set out in the Paris Agreement and achieve net-zero emissions by 2050. Behyad Jafari, CEO of the Electric Vehicle Council, said the public discourse on the technology has “come a long way rather quickly” in light of the heated debate during the 2019 federal election.

He claimed a slew of new state-based initiatives aimed at speeding up the adoption of zero-emission vehicles, including a $500 million program from NSW, had the entire sector “bullish” about the impact they will have on electric car availability and sales. “Most states and territories are now seeing positive progress, which gives private sector investors more confidence, paving the way for more charging stations and better services to promote e-mobility,” he said.

Victoria has declared a goal of selling 50% zero-emission vehicles by 2030, while NSW has declared an electric vehicle program to increase sales to 53% by 2030-2031. In addition, both states, as well as several others, have established cash incentives of up to a maximum of $3000 for the purchase of new electric vehicles, with certain jurisdictions waiving stamp duty as well as registration fees.

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