Australia Electric Car Market Overview

Maximize Market Research has published a report on the global Australia Electric Car Market, providing a comprehensive overview of the market, its dynamics, regional insights, and competitive landscape. The report is a valuable resource for investors and key players, providing insights that can be used to make informed decisions about the market.

Market Growth Projection:

Australia Electric Car Market is expected to grow at a CAGR of 5.4% during the forecast period and is expected to reach US$ 419.92 Mn by 2029.

Australia Electric Car Market Report Scope and Research Methodology

The Australia Electric Car market report provides a comprehensive assessment of the global market, including insights into the industry's stakeholders. The report includes detailed information on the Australia Electric Car market's value, revenue, production, and sales. It clearly shows the historical and current status of the market, as well as the forecasted trends and Australia Electric Car market size.

The report employed several research methodologies to understand consumer behavior, including interviews and surveys. MMR's report is the result of a multi-method study that included Porter's, PESTLE, and SWOT analyses, as well as a bottom-up approach to estimating the Australia Electric Car market size. Primary and secondary research methodologies were used to collect the data for the Australia Electric Car market report. These methods were used to shed light on the key financial considerations of Australia Electric Car key players.

Dynamics :

Australia saw a three-fold increase in EV sales last year, but the growth is still far slower than in the majority of developed countries. Sales of fully electric and hybrid plug-in cars increased to 6,718 in 2019 from 2,216 in 2018. Over that time, cars with internal combustion engines saw a 7.8% decline in sales. In contrast to other countries, Australia has not implemented financial incentives or government regulations, which may be the reason for the slow uptake of EVs. EV adoption rates are very high in countries like Norway that offer financial and non-financial incentives for EV purchase and maintenance.

The recently introduced Model 3 sedan has taken the lead in the EV market in Australia, capturing the majority of the market share for California-based automaker Tesla. 2019 saw the sales In Australia, the share of new pure electric automobiles made up approximately 0.5% of the whole new car market.

Approximately 70% of these sales came from Tesla, with probably even more, and the Model 3 accounted for roughly two-thirds of all yearly sales of electric vehicles, despite the model's initial distribution not happening until late August. Even with 3,135 sales, the BMW 3 was probably hidden by the Model 3, which went on to take the lead in the market for passenger cars valued above $60,000. The Mercedes Benz C-Class came in second (6,798).

To access more comprehensive information, click here :https://www.maximizemarketresearch.com/request-sample/65405

Segmentation :

Australia Electric Car Market, by Technology

• BEV
• PHEV
• HEV

Australia Electric Car Market, by Product

• Hatchback
• Sedan
• SUV
• Others

Australia Electric Car Market, by Battery

• LFP
• Li-NMC
• Others

Australia Electric Car Market, by Battery Capacity

• >201 Ah
•