2023 electric car sales record led by Tesla, BYD and MG – but luxury brands are also doing plenty of EV heavy lifting

AutoExec Summary
In 2023, BYD, Tesla, and MG dominated the electric vehicle market in Australia, accounting for 74% of the record 87,217 EVs sold. The surge in sales was driven by new arrivals, government incentives, and increased stock availability, resulting in a 161% growth compared to 2022. China was a significant source of EVs, with brands like Tesla, BYD, MG, and others leading the market. Electric cars now make up 7.2% of all vehicles sold in Australia, with mid-sized sedans, wagons, medium SUVs, and luxury brands also experiencing high EV adoption rates. The future looks promising with more EV models set to launch in 2024.

Brands mentioned: BYD, Tesla, MG, Polestar, Volvo, GWM, LDV, BMW, Toyota, Subaru, Volkswagen, Kia, Porsche, Hyundai, Cupra, Mini, Audi, Nissan, Lexus, Genesis, Fiat, Peugeot, Ford, Foton, Jaguar, SEA Electric, Renault, Mazda, Rolls-Royce.