Simon Wakim

  The Australian electric vehicle (EV) market experienced a significant uptick in 2023, with EVs making up 8.4% of all new car sales, marking a 120% increase from the previous year. This increase, however, was primarily driven by three models: Tesla Model Y, Tesla Model 3, and BYD Atto 3, which collectively accounted for over 68% of all EV sales.   Despite having a diverse range of 91 electric car, van, and ute models available, the issue of limited supply persists due to the lack of regulatory standards compelling manufacturers to enhance supply and foster competition. According to the latest findings from the Institute of Transport and Logistics Studies (ITLS), cost remains a significant barrier, with 44% of Australians citing it as a reason for not purchasing an EV.   Professor David Hensher of ITLS notes that while the market potential for EVs in Australia could reach around 40%, affordability will likely restrain further uptake.   As Australia seeks to bridge the significant

  In 2023, the electric vehicle (EV) market witnessed a remarkable surge in interest, signalling a shift towards more sustainable modes of transport. Electric vehicles accounted for 8.4% of all new car sales last year, marking a significant 120% increase compared to the figures from 2022. However, this growth was not uniformly distributed across the market. In fact, a vast majority of these sales were concentrated in just three models: the Tesla Model Y, Tesla Model 3, and the BYD Atto 3, which together accounted for over 68% of the total EV market. Despite the availability of 91 different models of electric cars, vans, and utes in Australia, the reality is that most of these are only supplied in limited quantities. This bottleneck in supply can be attributed to Australia’s lack of a standardised approach that would compel car manufacturers to increase EV supply and encourage competition among new manufacturers. The recent report from the Institute of Transport and Logistics Studies (I