Relative combustion engine cars sales in Australia are falling

AutoExec Summary
The percentage of petrol and diesel small cars on Australian roads is declining as the competitive EV and hybrid markets grow. The latest data from the Australian Automobiles Association shows that new internal combustion engine light car sales dropped from 78% to 75% in the second quarter of 2024. Hybrid sales increased by one-third, with market share rising to 14.9%, while EV sales slightly decreased. Petrol and diesel still dominate the utes, vans, and people movers market segments, but electric vehicles are gaining traction in medium-sized cars and SUVs. The federal government recently relaxed vehicle emissions standards, delaying enforcement until July 2025. The changes have sparked controversy, with concerns about the impact on car prices and emissions levels. Victoria welcomed its first electric fire fighting truck, signaling a shift towards more sustainable transportation options.

Brands mentioned: Isuzu, Ford