Best-selling electric cars in Australia during the first half of 2024

AutoExec Summary: Tesla’s dominance in Australia’s electric vehicle (EV) market is waning as new competitors gain traction. Recent data from the Federal Chamber of Automotive Industries (FCAI) shows over 50,000 EVs were sold in the first half of 2024, a record. Tesla Model Y and Model 3 still top the sales charts but their combined market share dropped from 59.5% last year to 45.3%. Tesla’s sales fell by 9.6% in the first half of 2024. EVs now make up 8% of new vehicle sales, with Polestar’s contributions no longer included in FCAI reports. Notable trends include significant price cuts by brands like BYD and Peugeot, and a 1126% sales increase for the BMW i4.

Brands mentioned: Tesla, Polestar, BYD, MG, Peugeot, BMW, Genesis