AustralianElectricVehicleIndustryRecap202320232AUSTRALIANELECTRICVEHICLEINDUSTRYRECAPTheElectricVehicleCouncilhascompiledanoverviewofthemajorelectricvehicle(EV)momentsfor2023,includingEVmarkethighlights,charginginfrastructureprogress,andpolicyachievements.ThisreportalsoincludeshighlightsofsomeofthekeyactivitiesoftheEVCounciloverthecourseof2023.Overthecourseof2023,yetagaintheEVmarketinAustraliaexperiencedstronggrowthintermsofbothsalesandmodelavailability.Whilethesesignsarepositive,significantworkremainstoaccelerateadoptiontoalignwithAustralia’sclimatetargets,andtakefurtheractiontoaddressthehighcostoftransportinthiscountrywhichiscontributingtothecurrentcostoflivingchallenges.Activepolicysupporttodecarboniseheavyvehiclesisalsolagging,withmoreworkrequiredin2024.WiththerecentannouncementbytheFederalGovernmentofitspreferreddesignforaNewVehicleEfficiencyStandard,2024issettobeanexcitingyearahead,withtheopportunityformoreAustraliansoverthecomingyearstohavegreaterchoiceinefficientcarmodels,andslashtheirfuelbills.Wewelcometheopportunitytocontinueworkingwithgovernments,industryandallAustralianstohelpacceleratetheelectrificationofAustralia’stransportsystem.Introduction20233AUSTRALIANELECTRICVEHICLEINDUSTRYRECAPNewEVPurchasesNewEVpurchasesinAustraliamorethandoubledin2023,comparedto2022,withthetotalnumberofEVsonAustralianroadsnowexceeding180,000.1ThisgrowthcontinuesthetrendofaroundadoublingofthenewEVmarketeveryyearsince2020.Inlargepart,thisgrowthhasbeendrivenbyincreasinglypositiveactionstakenbymanyAustraliangovernments.ItisalsoaresultoftheAustralianEVindustryworkingwithinthesepolicyparameterstoreducecostsforconsumers,increasemodelavailability,androlloutcharginginfrastructurenationally.OverthecomingyearsitwillbemoredifficultforthelocalEVmarkettoachievethesamelevelofexponentialgrowth(inpercentageterms),simplyduetothetotalvolumeofsalesnowbeingsolargei.e.98,436newEVssoldin2023.Withcontinuedpolicysupport,theElectricVehicleCouncilisconfidentthemarketcancontinuetogrowat30-50%peryear–inlinewithwhatwillberequiredtosupportthecountry’sclimatetargets,whiledrivingdownfuelbillsforAustralians.1ThistotalcountrefersonlytolightvehiclesinAustralia.Consistentwithinternationalliterature,andgroupssuchastheInternationalEnergyAgency,theEVCdefineselectricvehiclesasanyvehiclethatcanbeplugged-intochargedirectlyusingelectricity.Thisincludesbothbatteryelectricvehicles(BEVs)andplug-inhybridelectricvehicles(PHEVs).increaseupfrom3.81%during2022+120%ofallnewcarssoldareEVs8.45%newEVspurchasedduring202398,436EVsnowonAustralianroads+180,000LightElectricVehicleMarketHighlights20112012201320142015201620172018201920202021202220238.5%0.7%0.2%0.2%0.1%0.1%0.2%0.0%0.0%0.0%3.8%2.1%0.8%120,000100,000110,00080,00060,00040,00030,00050,00070,00090,00020,00010,0000MarketShareBEVPHEVEVsalesinAustralia:2011-2023BEV:BatteryElectricVehicle;PHEV:Plug-inHybridElectricVehicleSource:VFACTS,EVCEVSalesDatabase,OEM-providedfigures.20234AUSTRALIANELECTRICVEHICLEINDUSTRYRECAPIn2023,theACTcontinued,andindeedextendeditsnationalleadintermsofEVmarketshare,beingthefirstAustralianjurisdictiontopass20%ofallnewvehiclessoldbeingEVs,achieving21.9%bytheendof2023.Thisisagainthankstotheterritorygovernment’sstrongleadershiponEVpolicyovermanyyears.Lookingmorebroadlyacrossthecountry,everyotherstateandterritoryalsoexperiencedstronggrowthinEVsales.Insecondpl...
