How Chinese EVs will change the car market

AutoExec Summary
Australia’s electric car market is set to experience significant growth and competition as new, affordable options become available. The number of electric vehicle (EV) models in Australia has more than doubled in the last year, with 150 models now on sale. This number is expected to increase further as new brands enter the market. The average drive-away price of an EV has also dropped, making them more accessible to consumers. Industry experts predict that this trend will continue, leading to more choice and competition in the market, ultimately benefiting consumers. However, there is a wide range of prices and ranges available, catering to different consumer preferences and budgets.

Brands mentioned: BYD, Zeekr, Xpeng, Foton, LeapMotor, Tesla, Hyundai, BMW, Kia, Porsche, Audi, Mercedes Benz, GWM Haval, Peugeot, Nissan, Fiat Abarth