Connect with us

Hi, what are you looking for?

Universal Financial DomeUniversal Financial Dome

World

Australia struggles to ditch SUV habit even as electric vehicle sales hit record

SYDNEY — Electric vehicle (EV) sales in Australia hit an all-time high in 2023, according to the country’s automotive association, however light vehicle sales remained dominated by emissions-intensive trucks and sports utility vehicles (SUVs).

Battery-electric vehicles were 7.2% of all vehicles sold last year, more than double the 3.1% recorded in 2022, according to data from the Federal Chamber of Automotive Industries (FCAI) on Thursday.

The sales share for 2023 rises to 16.2% of all new vehicle sales once hybrids and plug-in hybrids are included, almost one in every five vehicles.

After a decade under conservative governments that opposed EV adoption, the current center-left Labor government, which won power in 2022, has launched a national EV strategy and provided hundreds of millions for clean transport.

Transport is one of Australia’s largest sources of emissions and the growing adoption of electric vehicles bolsters the government’s pledge to cut emissions by 43% by 2030.

However, Australian’s continue to prefer SUVs or light commercial vehicles, models which usually come with higher emissions when fossil fueled. The two categories accounted for 78.4% of all new vehicle sales last year.

The Ford Ranger and Toyota Hi-Lux, the two most popular vehicles and a tenth of all those sold in 2023, tend to emit more carbon dioxide than average.

Efforts to increase the take-up of electric vehicles have long been plagued by shortages, a limited number of models and sparse and sometimes faulty charging equipment.

As a result adoption for many years lagged countries like the US or Britain, where sales of EVs and plug-in hybrids hit 7.7% and 23%, respectively in 2022, according to the International Energy Agency.

Energy Minister Chris Bowen said in November the government would soon release details of its long-awaited fuel efficiency standards, a policy that advocates say will spur manufacturers to send more EVs to Australia and further boost adoption. — Reuters

Advertisement

    You May Also Like

    Sports

    Tough start to the week for Charlie Woods, and it had nothing to do with his golf game. While warming up for Friday’s pro-am...

    Sports

    The Buffalo Bills know safety Damar Hamlin, who has recovered from collapsing after a cardiac arrest during a game on Jan. 3, wants to...

    Sports

    The Boston Bruins’ record-setting 65 wins and 135 regular-season points have rolled back to zero. The big number now is 16, the number of...

    World

    WASHINGTON — The United States scrambled F-16 fighter jets in a supersonic chase of a light aircraft with an unresponsive pilot that violated airspace...

    Disclaimer: UniversalFinancialDome.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 UniversalFinancialDome.com | All Rights Reserved