US President Joe Biden has an ambition under his Inflation Reduction Act of having 50 per cent of all vehicle sales in the US being electric by 2030. Penetration of EVs in the US is also very low, at around 4 per cent. While Norway is held up as the pioneer, the United States is possibly a more apt comparison for Australia because of the large land mass with vast distances between cities and a love by many drivers of pick-up trucks – what we call utes in Australia. It took Norway a decade to go from 1 per cent to 65 per cent EV penetration, largely through aggressive government subsidies. The world leader is Norway, where, in 2021, 65 per cent of all vehicles sold were electric. There were 16 million EVs in the world in 2021, up from 2 million in 2016, according to estimates from Finland-based charging station group Virta.ĮV sales in 2021 hit 6.6 million, according to the International Energy Agency, and more than 8 million are expected to sell in 2022 (it has been tracking at about 2 million sales each quarter).Īustralia lags far behind many other industrialised countries on electric vehicle sales as a proportion of total sales, with Germany at 26 per cent and the UK at 19 per cent. How popular are electric vehicles in Australia? Modelling by the CSIRO in mid-2021 forecast that between 20 more than 20 million electric vehicles – close to 100 per cent of all vehicles – will be on Australian roads.īut are we on the right track to get there? This year, around 30 new EV models are set to hit the market as the choice widens for potential buyers. That is four years ahead of Volvo’s global stance of ending petrol vehicle sales by 2030. Volvo in Australia recently stunned the industry by announcing that it simply wouldn’t sell petrol versions of its vehicles here by 2026. 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.Īustralia 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.
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