Rising fuel costs pushing motorists to consider electric cars

AutoExec Summary

As fuel prices soar in Australia, motorists are increasingly considering switching to electric vehicles (EVs) to alleviate financial strain. Research indicates that fuel costs surpass other car ownership expenses, prompting two-thirds of respondents to contemplate EVs. Despite the growing interest, the high price of electric cars remains a barrier, with many models exceeding $40,000. The MG ZS EV is currently the most affordable option, while Tesla leads in sales. However, EVs still constitute a small fraction of overall car sales.

Brands mentioned: Tesla, MG, Hyundai, Volkswagen