Australia electric car market is expected to witness significant growth during the forecast period. The electric car market in the country is at the nascent stage, and new companies with new designs and new concepts are arriving in the Australian electric car industry. In 2020, the country has shown modest growth in the electric car industry as a flat sale was witnessed in the whole year. As per the Federal Chamber of Automotive Industries (FCAI), nearly 1,750 EVs were sold in the country in 2020 which was only 250 higher than the last year.
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The sales of SUVs are increasing in the country. As per FCAI estimates, in 2015 car sales share was around 45.0% whereas the SUV share was 34.8%. The SUV market share is expected to increase to 46.0% by 2023. The sales of the electric vehicle showed modest growth even after the new electric SUV launch in the country. In 2020, the country witnessed the launch of Hyundai Kona and MG ZS. Lack of long range vehicle and government incentives for the EV are some of the major restraint for the growth of the market in the country. However, with the launch of new EV models, lucrative growth is still expected as the country is one of the most competitive and well-developed automotive markets across the globe.
Market Coverage
Key Questions Addressed by the Report
Australia Electric Car Market report Segment
By Vehicle Type
By Propulsion Technology
By Battery Type