2024 electric car sales in Australia: A deep dive into the state of the EV market led by Tesla and BYD

1 August 2024, 9:35 am

The Other Dimension
2024 electric car sales in Australia: A deep dive into the state of the EV market led by Tesla and BYD
Image: EVCentral
EVCentral logo
2024 electric car sales in Australia: A deep dive into the state of the EV market led by Tesla and BYD
Image: EVCentral

AutoExec Summary
EV sales in 2024 have adjusted their pace of growth, with an 18 percent increase in the first half of the year. A total of 50,918 EVs were sold, making up 8 percent of the new car market. Electric cars are dominating the mid-sized passenger car market, with almost half of all medium sedans and wagons being fully electric. Luxury models priced over $60,000 also saw a 71 percent share of EV sales. Large electric SUVs are gaining traction, while commercial vehicles are struggling with only 191 electric vans sold. Volvo and BMW are leading the way in EV sales, with MG and BYD also ahead of the overall market. The ACT is leading in EV sales, with 21.7 percent of cars sold being electric. Tesla remains the best-selling EV brand, but its share of EV sales has slipped below 50 percent for the first time. The overall market for EVs is at 8 percent, with small hatches, sedans, and wagons making up 10.5 percent of sales. The top-selling EV models include the Tesla Model Y, Tesla Model 3, BYD Seal, and BYD Atto 3.

Brands mentioned: Tesla, BYD, MG, BMW, Volvo, Porsche, Kia, Land Rover, Lexus, Mercedes-Benz, Toyota, Mitsubishi, Ford, Audi, Ford, Hyundai, Subaru, Cupra, Peugeot, Nissan, Renault, Fiat, Mini, Rolls-Royce, Jaguar, Genesis, LDV, Jaguar, Mercedes-Benz, Abarth.

MEMBER ACCESS

NOT A MEMBER?

Subscribe now to see all the day’s headlines and more

Share Article

"*" indicates required fields

This field is hidden when viewing the form
This field is hidden when viewing the form
This field is hidden when viewing the form