Over 2023, around 7.2% of vehicles sold in Australia were electric vehicles (EVs). While a relatively low figure, it still represents a 120% increase from 2022 according to the Electric Vehicle Council.
EV intake is especially strong in the ACT at around 20% of all car sales while it is lower in the Northern territory (slightly above 2%). States like NSW and Victoria define this 7.2% average.
Today, each Australian jurisdiction offers specific incentives for potential EVs buyers. Queensland offers rebates going up to $6,000 while South Australia provides EVs owners with a free rego for 3 years.
Compared to electric, hybrid vehicles stood slightly higher at around 8.1% of all sales in Australia in 2023.
Among those sales, American manufacturer Tesla clearly dominates the EV market by gathering around 60% of sales.
The growth observed over the past four years is expected to continue. Mordor Intelligence projects that the EVs market size will reach $12.87 billion in 2024, and $53.69 billion in 2029. Which will translate by an uptake in EVs across Australia’s streets.
By comparison, Electric vehicles sales accounted for 7.6% of all car sales in the United-States in 2023. In the United-Kingdom and France, this figure reached around 20%. In France, electric and hybrid combined represented 26.5% of all car sales.
In effect, Australia does not seem to be entering a new age yet, especially by comparison with other developed nations, but rather a steady progression for the EV industry.
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