Is It Groundhog Day for the Australian EV Market?

  • 📰 cleantechnica
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Stagnating numbers for EV penetration in the Australian market make it feel like Groundhog Day, but charging installation surges.

There are times when I review the electric vehicle penetration rates for Australia that I feel like I am stuck in Groundhog Day. Each month, new models are spotted — this month, it is the MG Cybster and the Xpeng G6 that have sneak photos on Facebook sites — yet sales still hover at about 10% of new vehicles having a plug. However, more and more chargers are being installed. Many are preparing for an electric future.

The Federal Chamber of Automotive Industries says it expects that over 100,000 EVs will be sold into the car market this year — compared to about 80,000 in all of 2023. EV sales year to date are up 16.5%. “Though electric vehicle sales increased over the month prior, they were down 13.2 per cent on June 2023.” The Tesla Model Y is the fifth best-selling car year to date, behind the Ford Ranger, Toyota HiLux, Toyota RAV4, and Mitsubishi Outlander.

Rod expects to move into production and provide employment in his local area. A further review will be conducted in four years, or when 100 installations are completed. Rod informs me that Kerb Charge utilises the car owners’ home power supply and charges four times faster than a 10-amp power point. It has a cost and convenience advantage over commercial high-speed chargers.

 

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:

 /  🏆 565. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Australian Dollar continues to struggle following Australian labor market resultsThe Australian Dollar (AUD) fell further against the US Dollar (USD) on Thursday despite strong labor market data from Australia reported earlier in the session.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Rent assistance is insufficient in expensive rental market, finds Australian reportGovernments are failing to provide a secure alternative for households unable to access social housing, new research suggests.
Source: physorg_com - 🏆 388. / 55 Read more »

Australian Dollar clears losses as market digests Powell’s words and RBA minutesTuesday's session witnessed the Australian Dollar (AUD) clearing losses against the US Dollar following the release of the hawkish Reserve Bank of Australia (RBA) minutes and the US JOLTs figures from May.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Australian Dollar declines as market awaits packed weekMonday's session recorded a moderate slip in the Australian Dollar (AUD) value against the US Dollar.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Coinrate.pro's Exclusive Market-Making Systems Overcome Low Market Cap and Trading Volume IssuesCoinrate.pro offers advanced technological solutions to address the issues of low market cap and trading volume
Source: Utoday_en - 🏆 295. / 63 Read more »

Wednesday could be a big day for AI chip stocks as their market-leading rally stallsTwo key events Wednesday could provide a much-needed catalyst for the recently troubled semiconductor sector.
Source: CNBC - 🏆 12. / 72 Read more »