Where is Australian EV market headed after March milestone?

3 min read | April 11, 2022 02:07 PM AEST | By Arpit Verma

Highlights

  • In Australia, the sale of pure battery-electric cars accounted for 2.5% of the total sales in March 2022, making it the best month ever for EV sales.
  • As per a study, Australians would like to consider buying an EV as their next car, but most of them believe that EVs are costly.
  • Tesla’s Model 3 sedan was the best-selling EV car in Australia during the first quarter of 2022.

Australia has recorded its best month ever for the sale of electric vehicles (EV). The sale of pure battery-electric cars accounted for 2.5% of the total sales in March 2022, as per the latest auto industry sales data.

Meanwhile in Norway, the leader in the world’s EV transition, electric vehicles accounted for a whopping 86% share of total new car sales. As per the figures published by Norway’s Road Traffic Information Council, the country registered 16,238 new passenger vehicles in March, where 13,983 were zero-emission passenger cars.

Related read: What are the hurdles in buying an electric car now?  

Though Australian figures are not very significant when compared to most of the European countries, it is definitely a sign of progress for Australia.

Why Australians are lagging in buying EVs

Electric Vehicles

Source: © Martinleber | Megapixl.com

Based on research studies from the auto industry firms, most Australians would consider buying an EV as their next car, but a significant number of them find EVs costly. However, the recent surge in global crude oil and natural gas prices has encouraged Australians to opt for EVs, which seems to be a relatively cheaper alternative.

Related read: From Toyota to Audi: How leading carmakers are planning to go 100% electric 

Although EVs have higher upfront costs, they are relatively more economical than internal combustion engine cars. Furthermore, the presence of solar panels in households may provide additional cheap electricity to charge those EVs.

Tesla is leading the EV revolution in Australia

In the first quarter of 2022, Tesla pulled off a remarkable feat related to the sales of its Model 3 sedan in Australia. The company has sold 4417 units of the same, making it the bestselling EV car in the country, as per the latest VFACTS report.

Tesla

Source: © Sergiomonti | Megapixl.com

The Model 3 has accounted for almost two-thirds of total Australian electric car sales so far in 2022. Notably, Tesla’s Model 3 is quite ahead of Audi (2713) and Lexus (2088) in the luxury sales segment and is trailed by Mercedes-Benz EQA and Hyundai Kona Electric, which sold 318 and 304 cars, respectively.

Related read: Are electric vehicles really eco-friendly? 

Hyundai Ioniq EV is also in the race, with 206 units sold in 2022, while Porche and Kia sold 160 and 141 units, respectively.

Bottom Line

Electric vehicles have become the new-age cars as they don't produce any type of pollution and are eco-friendly. Even though the cost of EVs is relatively higher, they offer a relatively economical run. Australians might not be leading the EV transition race in the world, however, with March 2022 being the best month ever for EV sales in Australia, it does seem that Aussies are getting serious about going electric like never before.


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