Economic news

Australia struggles to ditch SUV habit even as electric vehicle sales hit record

2024.01.04 02:57


© Reuters. A Tesla Model S electric car is charged by a supercharger at a Tesla electric car dealership in Sydney, Australia, May 31, 2017. REUTERS/Jason Reed/File Photo

By Lewis Jackson

SYDNEY (Reuters) – Electric vehicle (EV) sales in Australia hit an all-time high in 2023, according to the country’s automotive association, however light vehicle sales remained dominated by emissions-intensive trucks and sports utility vehicles (SUVs).

Battery-electric vehicles were 7.2% of all vehicles sold last year, more than double the 3.1% recorded in 2022, according to data from the Federal Chamber of Automotive Industries (FCAI) on Thursday.

The sales share for 2023 rises to 16.2% of all new vehicle sales once hybrids and plug-in hybrids are included, almost one in every five vehicles.

After a decade under conservative governments that opposed EV adoption, the current centre-left Labor government, which won power in 2022, has launched a national EV strategy and provided hundreds of millions for clean transport.

Transport is one of Australia’s largest sources of emissions and the growing adoption of electric vehicles bolsters the government’s pledge to cut emissions by 43% by 2030.

However, Australian’s continue to prefer SUVs or light commercial vehicles, models which usually come with higher emissions when fossil fuelled. The two categories accounted for 78.4% of all new vehicle sales last year.

The Ford (NYSE:) Ranger and Toyota (NYSE:) Hi-Lux, the two most popular vehicles and a tenth of all those sold in 2023, tend to emit more carbon dioxide than average.

Efforts to increase the takeup of electric vehicles have long been plagued by shortages, a limited number of models and sparse and sometimes faulty charging equipment.

As a result adoption for many years lagged countries like the US or Britain, where sales of EVs and plug-in hybrids hit 7.7% and 23%, respectively in 2022, according to the International Energy Agency.

Energy Minister Chris Bowen said in November the government would soon release details of its long-awaited fuel efficiency standards, a policy that advocates say will spur manufacturers to send more EVs to Australia and further boost adoption.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 62,949.87 0.20%
ethereum
Ethereum (ETH) $ 2,584.21 1.17%
tether
Tether (USDT) $ 1.00 0.00%
bnb
BNB (BNB) $ 583.86 0.84%
solana
Solana (SOL) $ 146.69 0.39%
usd-coin
USDC (USDC) $ 1.00 0.04%
xrp
XRP (XRP) $ 0.594701 2.04%
staked-ether
Lido Staked Ether (STETH) $ 2,583.53 1.20%
dogecoin
Dogecoin (DOGE) $ 0.107885 2.39%
the-open-network
Toncoin (TON) $ 5.65 2.35%
tron
TRON (TRX) $ 0.151693 0.14%
cardano
Cardano (ADA) $ 0.352803 0.46%
avalanche-2
Avalanche (AVAX) $ 27.30 0.28%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,047.48 1.40%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 62,892.85 0.04%
shiba-inu
Shiba Inu (SHIB) $ 0.000015 3.09%
weth
WETH (WETH) $ 2,583.73 1.14%
chainlink
Chainlink (LINK) $ 11.31 0.26%
bitcoin-cash
Bitcoin Cash (BCH) $ 341.19 1.67%
polkadot
Polkadot (DOT) $ 4.37 0.87%
dai
Dai (DAI) $ 1.00 0.03%
leo-token
LEO Token (LEO) $ 5.72 0.99%
litecoin
Litecoin (LTC) $ 67.16 2.47%
uniswap
Uniswap (UNI) $ 6.68 0.89%
near
NEAR Protocol (NEAR) $ 4.51 3.94%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,707.18 1.38%
kaspa
Kaspa (KAS) $ 0.166987 1.70%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.59 0.90%
aptos
Aptos (APT) $ 7.85 6.92%
internet-computer
Internet Computer (ICP) $ 8.34 0.03%
sui
Sui (SUI) $ 1.44 2.72%
pepe
Pepe (PEPE) $ 0.000008 0.97%
bittensor
Bittensor (TAO) $ 467.72 14.45%
monero
Monero (XMR) $ 175.29 1.40%
first-digital-usd
First Digital USD (FDUSD) $ 1.00 0.07%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.401567 0.47%
stellar
Stellar (XLM) $ 0.096558 0.10%
ethereum-classic
Ethereum Classic (ETC) $ 19.00 0.75%
ethena-usde
Ethena USDe (USDE) $ 0.999377 0.01%
immutable-x
Immutable (IMX) $ 1.60 3.79%
blockstack
Stacks (STX) $ 1.71 1.79%
okb
OKB (OKB) $ 39.38 0.38%
aave
Aave (AAVE) $ 157.92 4.14%
crypto-com-chain
Cronos (CRO) $ 0.085333 0.69%
filecoin
Filecoin (FIL) $ 3.75 0.01%
render-token
Render (RENDER) $ 5.58 6.06%
arbitrum
Arbitrum (ARB) $ 0.598939 4.00%
mantle
Mantle (MNT) $ 0.634925 5.22%
injective-protocol
Injective (INJ) $ 21.12 1.36%
optimism
Optimism (OP) $ 1.72 3.33%