One in seven car buyers went electric in March. But a fuel-guzzling variety held steady

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📰 Australia

One in seven car buyers went electric in March. But a fuel-guzzling variety held steady 13h ago

The Sydney Morning Herald

In March, approximately one in seven car buyers opted for electric vehicles (EVs), a significant increase attributed to soaring fuel prices following the commencement of the war against Iran. This surge in EV sales, which rose by 50 percent, indicates motorists are seeking to mitigate the financial impact of higher petrol and diesel costs. The Federal Chamber of Automotive Industries reported these figures, highlighting a growing trend towards EVs amidst concerns that elevated fuel prices are negatively affecting the broader economy. Despite the rise in EV adoption, sales of fuel-guzzling vehicles remained stable.

The Sydney Morning Herald Full Article

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