Electric Vehicles Market Development In Australia - Fact Sheet

BEV sales in Australia reached 91293 during 2024

Australia witnessed a sale of 114,273 EVs during 2024. Of this 91,293 were BEVs while 22,980 were PHEVs, which indicated a rise of 17% from the sales witnessed in 2023. The top 10 selling models for EV during 2024 that attributed to this growth were - Tesla Model Y (21253 units), Tesla Model 3 (17094 units), MG MG4 (6934 units), BYD Seal (6393 units), BYD Atto 3 (5751 units), BMW iX1 (2618 units), Volvo EX30 (2129 units), BYD Dolphin (2116 units), BMW i4 (2062 units), Kia EV6 (1785 units).

Electric cars dominates the Australian EV market with 99% of the share in country's BEV sales. Medium SUVs (32,326 units) followed by medium hatchback cars (27,383 units) accounted nearly 65% of the total new BEV sales in 2024. While these most recent sales figures are encouraging, in order for Australia to achieve its climate targets, it is expected that more than 50% of all new cars sold in 2030 will need to be EVs. This means Australia will need to aim for around 1 million EVs on our roads by the end of 2027.

In order to achieve this, Australia needs to see a significant increase in the supply of EV models. This will only happen if the Australian Government implements an ambitious and globally-competitive New Vehicle Efficiency Standard that brings us into line with comparable overseas markets, like the US, EU and New Zealand.

Electric Car sales across Australian states & Territories

All state and territory governments have implemented a range of incentives to encourage the purchase of electric vehicles, including rebates to reduce the upfront purchase price, zero-interest loans, and discounts on stamp duty and registration fees. In 2022, the Australian Government also introduced its fringe-benefit tax (FBT) exemption for EVs. This incentive benefits fleets and those consumers that can purchase an EV through salary sacrifice arrangements. The Australian Government also removed import duty for EVs made in countries without FTA agreements (namely EU and UK). As it can be seen in Exhibit 02 ACT continues to lead the country on EV sales (as a proportion of new vehicle sales) at 21.8%, followed by Tasmania (9.0%), New South Wales (9.0%), Victoria (8.5%), Queensland (7.7%), Western Australia (7.5%), South Australia (6.5%), and the Northern Territory (2.4%).

EV Sales in Australia – A Slow Start in 2025

Share of BEVs in all new vehicle sales in Australia declined by 78% from Feb'2025 to Feb'2024

BEV sales in Australia witnessed a slow start in 2025 with January registering a sale of 3832 units and February at 5684 units. When compared to 2024, approx. 15,000 units of BEVs were sold combining Jan & Feb which indicated a decline of 57% from Feb’24 to Feb’25. One of the key reason for this slack is rise in the sales of hybrid vehicles.

Region wise breakdown of the number of fast and ultra fast charging sites across Australia

Table 01

Source: Eninrac Consulting, EV Council Australia

Key Policy Highlights – Australia EV Segment

On 19 April 2023, the Australian Federal Government released its first National Electric Vehicle Strategy, designed as a roadmap with the goal of increasing the uptake of electric vehicles across Australia. The strategy involves collaboration between the state and territory governments and the Australian Government in six key areas, including national standards, data sharing, EV affordability, development of remote and regional EV charging infrastructure, fleet procurement, and education and awareness.

As part of the National EV Strategy, the government confirmed its intention to introduce a New Vehicle Efficiency Standard for light vehicles in Australia. This standard aims to reduce the average CO2 emissions across all cars sold in Australia by each manufacturer, incentivizing the supply of more fuel-efficient petrol and diesel vehicles, as well as hybrid and electric vehicles. The details of the Standard are to be finalized in 2024

National Charging Network - Driving the Nation. On 26 April 2023, the Minister for Climate Change and Energy announced funding of $39.3 million, matched by the NRMA, to significantly expand Australia's electric vehicle charging network through the installation of 117 fast EV charging sites on national highways across the country. This initiative is aimed at enhancing charging infrastructure in rural and regional areas, helping to close the gaps and known black spots in Australia's fast charging network

Established on 1 July 2023, the Net Zero Economy Agency (NZEA) is responsible for promoting orderly and positive economic transformation across Australia as the world decarbonizes, to ensure Australia, its regions and workers realize and share the benefits of the net zero economy. The work of the Net Zero Economy Agency is a precursor to the establishment of a legislated Net Zero Economy Authority. Work is ongoing to design and stand up the Authority in accordance with established Parliamentary processes. The NZEA is engaging with a variety of stakeholders to support a positive transition to a net zero economy, including First Nations groups; education and training groups; industry; investors; regional bodies and communities; state, territory and local governments; and unions

ACT Public EV Charging Infrastructure Fund. To contribute to the goal of 180 public chargers by 2025, the ACT Government has committed an additional $1.5 million under the Public EV Charging Infrastructure Fund to deliver publicly accessible EV chargers across the Territory. As part of the grant funding round the Government proposed sites with known electrical capacity to assist charge point operators in their applications.