Australia’s new vehicle sales rose to a record last year as offshore car manufacturers boosted production to clear supply chain backlogs, but industry experts predict a tougher 2024 as cost-of-living pressures rise.
Full battery electric vehicles made up 7.2 per cent of new vehicles delivered to buyers in calendar 2023, compared with 3.1 per cent in 2022.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
