Base Year
Historical Year
Forecast Year
Value in unit thousand
2024-2032
Australia Electric Car Market Outlook
*this image is indicative*
The Australia electric car market is driven by battery-electric vehicles.
As per the Australia electric car market analysis, the growing focus on the environment and sustainability has led to gaining traction for battery electric vehicles as they are environment-friendly and sustainable alternatives to traditional internal combustion engine vehicles. Advancements in battery technology have increased driving ranges, reduced range anxiety and enhanced the practicality of EVs for daily use. This has increased the adoption of battery-electric vehicles for everyday transportation needs, leading to rising electric car consumption in the country.
| Australia Electric Cars Market Summary | Description | Value |
| Base Year | Thousand Unit | 2023 |
| Historical period | Thousand Unit | 2018-2023 |
| Forecast Period | Thousand Unit | 2024-2032 |
| Market Size 2023 | Thousand Unit | 196.4 |
| Market Size 2032 | Thousand Unit | 844.9 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 17.6% |
| CAGR 2024-2032 - Market by Region | New South Wales | 20.1% |
| CAGR 2024-2032 - Market by Region | Western Australia | 16.7% |
| CAGR 2024-2032 - Market by Type | Battery Electric Vehicles | 19.7% |
| CAGR 2024-2032 - Market by Vehicle Drive Type | Front-Wheel Drive | 19.4% |
| Market Share by Region | Victoria | 20.4% |
Infrastructure developments are being made to expand the charging network by installing fast-charging stations in urban areas which indicates a substantial increase in the Australia electric car market. Plug-in hybrid electric vehicles are equipped with petrol or diesel engines and an electric motor, they can operate in electric mode or hybrid mode.
The federal government offers discounted car loans through clean energy finance corporations for the purchase of new zero-emission vehicles and plug-in hybrid electric vehicles valued under $90,000 which will estimated to save between $1,400 and $2,500 to individuals on loan repayments.
| CAGR 2024-2032 - Market by | Region |
| New South Wales | 20.1% |
| Western Australia | 16.7% |
| Others | 14.1% |
| Victoria | XX% |
| Queensland | XX% |
| Australian Capital Territory | XX% |
According to the Australian Automobile Association (AAA), battery-electric vehicles constituted 7.70% of the total vehicles sold in December 2023, indicating the potential Australia electric car market growth.
Australia Electric Car Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Vehicle Class
Market Breakup by Vehicle Drive Type
Market Breakup by Region
AWD systems provide enhanced traction and stability, particularly beneficial in diverse terrain and weather conditions across Australia's varying landscapes. Electric vehicles equipped with AWD distribute power to all four wheels independently, optimising performance and efficiency.
The growth of the electric car market is fuelled by the increasing adoption of environmentally-friendly and sustainable alternative products by individuals, as electric products provide less reliance on fossil fuels.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us today for customized, data-driven solutions tailored to your unique requirements!
The Australia electric car market was estimated at 196.40 thousand unit in 2023.
The market is projected to grow at a CAGR of 17.60% between 2024 and 2032.
The market is expected to reach 844.90 thousand unit in 2032.
Based on the type, the electric car market is bifurcated into battery electric vehicles, plug-in hybrid electric vehicles and fuel cell electric vehicles.
Key players in the industry are Tesla Motors Australia Pty Ltd, Hyundai Motor Company Australia Pty Ltd., BMW Australia Ltd., TATA Motors Australia (Jaguar Land Rover Ltd.) and Volkswagen Group Australia Pty Ltd. among others.
Based on vehicle class, the electric car market is divided into low-priced, mid-priced and luxury.
The different drive types in the electric car market include front-wheel drive, rear-wheel drive, and all-wheel drive.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| Report Features | Details |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Vehicle Class |
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| Breakup by Vehicle Drive Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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