Five charts that explain how the Australian electric vehicle industry is booming

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Electric vehicle demand has skyrocketed in the past two years thanks to government incentives, new technology and soaring petrol prices. Here are five charts that show how the industry is booming in Australia 👉

Electric vehicle demand has skyrocketed in the past two years thanks to government incentives, new technology and soaring petrol prices. Australia is on track to have 100,000 EVs on the road this year, despite lagging other countries.Transport is the second-biggest greenhouse gas-emitting sector in Australia, with cars contributing the largest portion of pollution.

The new figures show that Australia has about 83,000 EVs on its roads – a sharp increase from 44,000 EVs at the start of 2022. Electric Vehicle Council chief executive Behyad Jafari said Australia was likely to reach 100,000 on the road this year. in the area, including removing stamp duty from EVs under $78,000 and from all other EVs and plug-in hybrids from July 1, 2027.

The federal government is seeking stakeholder views on fuel efficiency standards, but noted earlier consultation had supported them. Jafari said it was important to remember other countries had bigger populations than ours. But we also have a chance to become a world leader given Australia’s. It is already the world’s top producer of lithium, and among the biggest producers of nickel, cobalt, manganese ore and rare earths.

 

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