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Explainer: How long before every car in Australia is an EV?

Explainer: How long before every car in Australia is an EV?

Australia has been a slow adopter of electric vehicles, but the sector is gathering speed.

Simon EvansSenior reporter

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Money talks. Electric vehicle sales are set to accelerate in Australia after a deal struck in the federal parliament in late November, which exempts low- and zero-emission cars from fringe benefits tax, potentially saving buyers around $30,000 over the life of a lease.

Australia has been regarded as a slow adopter on the world stage and EVs comprise about 3.4 per cent of total new vehicle sales – compared with the global average of 8.6 per cent. But things are now moving fast.

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Simon Evans
Simon EvansSenior reporterSimon 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

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Original URL: https://www.afr.com/companies/transport/why-it-s-a-bumpy-road-ahead-for-electric-cars-in-seven-charts-20221107-p5bw4i