Inside Australia’s growing pirate electric car market

  • 📰 brisbanetimes
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 67%

Business News News

Business Business Latest News,Business Business Headlines

With little government support and no second-hand market, a growing cottage industry is providing Australians with the cheap clean cars of the future.

Australia’s slow uptake of electric vehicles has led to the spread of a cottage industry in parallel imports, with small businesses springing up to bring in low-cost second-hand cars from Japan.

Many are Nissan Leafs, but small transit vans are also becoming popular. Regulations prevent these small importers from bringing in models already available on the Australian market. Mr Broese van Groenou says he believes it will be impossible for Australia to meet its emissions reductions targets without rapidly electrifying its car fleet. But without federal incentives the process is not moving fast enough, he says.

Mr Jafari has also called on governments to buy electric cars in their fleets to build a healthy second-hand market. As they wait for the licence, Mr Klose says he is watching the price of stock go up with demand. Japan also only has a limited number of electric cars on the road and the New Zealand government recently started offering purchasers of EVs a rebate, creating a surge of demand in that country for Japanese cast-offs.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in BUSİNESS

Business Business Latest News, Business Business Headlines