Base Year
Historical Year
Forecast Year
Value in Unit Thousand
2024-2032
Australia Electric Vehicle Market Outlook
*this image is indicative*
Battery electric vehicles (BEVs) is being driving the Australia electric vehicle market as they are sustainable and efficient
Electric vehicles are gaining traction among individuals due to their reduced environmental impact such as minimising dependence on fossil fuels and reducing noise pollution while improving air quality. They are powered by rechargeable batteries which are perceived as sustainable and energy-efficient alternatives to other types of vehicles. Australia’s transition to a low-carbon economy has driven the demand for electric vehicles as they play a key role in mitigating climate change by producing zero emissions.
Battery electric vehicles (BEVs) have lower operating and maintenance costs compared to petrol and diesel vehicles while promoting the use of renewable energy sources for electricity generation thus stimulating the Australia electric vehicle market. Hybrid electric vehicles (HEVs) are equipped with smaller batteries compared to other electric vehicles offering improved fuel efficiency and reduced emissions.
Companies like Renault and Toyota have launched their EV; Megane E-Tech and the bZ4X with sleek and stylish designs and various features in Australia adding to the list of electric vehicles in Australia.
Australia Electric Vehicle Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Propulsion Type
Market Breakup by Vehicle Type
Market Breakup by Region
The increasing demand for environmentally friendly transportation, advancements in battery technology, and supportive government policies have led to significant growth in the adoption of electric passenger cars. These vehicles offer a practical and sustainable alternative for daily commuting and personal use, making them highly popular among consumers. The availability of various models, including sedans, hatchbacks, and SUVs, further boosts their presence in the electric vehicle market.
The growth of the electric vehicle market is fuelled by the increasing shift towards a low-carbon economy, increasing adoption of electric vehicles over traditional vehicles, as well as increasing awareness of climate change.
*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 vehicle market was valued at Unit 196.40 Thousand in 2023.
The market is projected to grow at a CAGR of 17.60% between 2024 and 2032.
The market is expected to reach Unit 844.90 Thousand in 2032.
Based on the propulsion type, the electric vehicle market is bifurcated into battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), hybrid electric vehicles (HEVs), and others.
Key players in the industry are BMW AG, Toyota Motor Corporation, Tesla, Mazda Motor Corp., Hyundai Group, Volkswagon AG, Mercedes-Benz Group AG, Honda Motor Co., Ltd., Nissan Motor Co., Ltd., and Mitsubishi Corporation, among others.
Based on vehicle type, the electric vehicle market is divided into passenger cars, light commercial vehicles, heavy-duty commercial vehicles, and medium-duty commercial vehicles.
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:
|
| Breakup by Propulsion Type |
|
| Breakup by Vehicle Type |
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| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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