Electric Revolution Unfolds
Australia witnesses a historic surge in electric vehicle (EV) sales, reaching an unprecedented high in 2023, according to data from the Federal Chamber of Automotive Industries (FCAI).
SUVs Maintain Market Reign
Despite remarkable EV growth, SUVs and light commercial vehicles continue to dominate the market, comprising a substantial 78.4% of all new vehicle sales in 2023.
Government-Driven Transformation
The current centre-left Labor government, in power since 2022, has launched a comprehensive national EV strategy, contributing to the surge in battery-electric vehicles capturing 7.2% of total sales.
Challenges and Future Initiatives
Ongoing challenges, including vehicle shortages and limited charging infrastructure, pose hurdles to widespread EV adoption. Energy Minister Chris Bowen’s upcoming fuel efficiency standards aim to boost manufacturers’ EV offerings in Australia, further accelerating adoption.
Source:channelnewsasia.com