Aussie electric vehicle sales growth slows as Tesla share shrinks

AutoExec Summary
The sales growth of battery electric vehicles (BEVs) in Australia has slowed after a strong first half of 2023. The share of BEVs in the market dropped from 8.8 percent in June to 6.4 percent in August, with 6984 electric vehicles sold. However, this was still the third-highest for the year. The overall market is expanding, with August being an all-time record month. The drop in BEV sales can be attributed to a shortage of supply rather than a lack of demand. Despite this, sales of BEVs are up 64.9 percent from August 2022, and more than one in six vehicles sold in August featured low emissions technologies. The year-to-date BEV share of Australian new vehicle sales is 7.2 percent, and sales are up from 14,524 to 56,922 year on year. Tesla played a key role in the cooling of the BEV market, with its August total of 3309 sales ranking 12th overall. The Model Y SUV achieved 2314 sales, and the Model 3 sedan achieved 995 sales. The BEV pause is likely temporary, with people still looking for electric vehicles. The article lists the month/year sales by model, including Audi, BMW, BYD, Cupra, Genesis, GWM, Hyundai, Jaguar, Kia, Lexus, Mazda, Mercedes-Benz, MG, Nissan, Polestar, Porsche, Renault, Tesla, and Volvo.