Electric vehicles are on the nose as Aussies warm to hybrids instead

AutoExec Summary

A recent Roy Morgan report reveals that while Australian consumers are increasingly interested in hybrid vehicles, fully electric car intentions have dropped to just 2.3%. Hybrids are preferred due to their long-distance capabilities and lower fuel consumption. Toyota leads the market, with hybrids comprising about 30% of Corolla sales. The report indicates a significant rise in hybrid sales, with a 63% increase in early 2019, despite a downturn in overall new car sales. Many consumers still favour petrol-only vehicles.

Brands mentioned: Toyota, Hyundai, BMW, Porsche, Volvo