Australian Financial Review
HiLux and Everest sales collapse as A$3.10 diesel reshapes the Australian ute and diesel markets
Executive Summary
Summary: # Summary
Diesel utility vehicle sales in Australia declined sharply in April 2026 as elevated fuel prices drove increased electric vehicle purchases. One in six cars sold were fully electric, with Chinese manufacturer BYD ranking second overall in sales. Popular diesel models including the Toyota HiLux experienced significant year-on-year sales drops. Federal tax breaks for electric vehicles under $91,387 contributed to the surge, though critics argue the policy disproportionately benefits wealthier drivers.
Read the original at Australian Financial Review
HiLux and Everest sales collapse as A$3.10 diesel reshapes the Australian ute and diesel markets
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