Report Description

    According to ConsTrack360, the electric vehicle market in the country are expected to grow by 22.5% on an annual basis to reach US$2.0 billion in 2023.

    The medium to long term growth story of the electric vehicle market in Australia remains strong. Electric vehicle adoption is expected to grow steadily over the forecast period, recording a CAGR of 22.9% during 2023-2027. The electric vehicle market in the country will increase from US$1.6 billion in 2022 to reach US$4.5 billion by 2027.

    The penetration of electric vehicles is growing at a rapid pace in the Australian market in 2022. The report from the Electric Vehicle Council showed that more than 46,000 electric cars were bought in Australia in H1 2023. This is much higher compared to more than 39,000 sold in 2022. The data indicates that the electric vehicles market is poised for an accelerated growth trajectory in Australia over the next few years.

    Government policies, coupled with the strategies adopted by EV makers, are expected to drive the growth of the electric vehicles market in Australia from the short to medium-term perspective. The Australian government, for instance, has introduced vehicle pollution rules to drive the uptake of electric vehicles. Overall, ConsTrack360 maintains a robust growth outlook for the industry in Australia over the next three to four years.

    Tesla partners with the Commonwealth Bank of Australia to boost electric vehicles’ domestic sales

    Tesla, since January 2023, has undertaken several strategic decisions to boost the sales of its electric vehicles in the global market. This includes offering various models, like Model 3 and Model Y at a discounted price.
    • In Australia, Tesla also entered into a strategic collaboration with the Commonwealth Bank of Australia in September 2023. The partnership is part of the firm’s strategy to boost sales, by offering low-cost financing options to buyers in Australia. The demand for EVs has been growing at a rapid pace in the market and the trend is projected to further continue over the next few years. Consequently, the partnership and low-cost financing options are expected to drive the sales volume for Tesla in the Australian market.
    Going forward, ConsTrack360 expects more such strategic collaborations between EV makers and financing providers, thereby supporting the growth of the broader electric vehicles industry in Australia.

    Government initiatives to drive EV penetration rate in Australia over the next five years

    In Australia, the government is undertaking several strategic initiatives to boost the adoption of electric vehicles among its citizens as well as in the public transportation sector over the next few years.
    • The National Electric Vehicle Strategy, for instance, will introduce a fuel efficiency standard outlining how much CO2 a car will produce when running. In addition to this, the strategy is also aimed at increasing the electric vehicle share in the Australian transport system. By 2030, the government is aiming to increase the share of EVs in new light vehicles to 30% and plans to expand it to 100% by 2035.
    • The local government has also established a range of incentives to drive the demand for electric vehicles. The Queensland government, for instance, aims to achieve a 50% market share for zero-emission vehicles in all new passenger vehicle sales by 2030, with the ultimate goal of reaching 100% by 2036.



To facilitate the increasing uptake of electric vehicles, both national and state governments are working to develop a comprehensive network of EV charging stations along major highways. The NSW government, for instance, is planning to invest A$260 million towards the development of EV charging infrastructure in NSW regional areas. Furthermore, it is also investing in initiatives like training and skill development required to boost the uptake of electric vehicles in Australia.

BYD launches electric vehicle megastore in Australia to drive consumer awareness and sales

BYD, the Chinese electric vehicle giant that has been gaining rapid growth in the global market, has opened the first of the many EV megastores in Australia. The launch is part of the firm’s strategy to educate Australian consumers on electric vehicles and showcase to them the battery technology.


  • • In Australia, BYD has emerged as one of the most successful electric vehicle brands over the last 12 months. The firm has sold more than 10,000 units of its Atto 3 model and is projected to launch the sub-A$40,000 BYD Dolphin. With the offline presence in the fast-growing market, ConsTrack360 expects the firm to gain further growth momentum in Australia from the short to medium-term perspective.


Alongside BYD, Volvo is another electric vehicle manufacturer that is gaining rapid market share in Australia in 2023. The firm, in the first eight months of 2023, sold nearly 3,000 electric SUVs. Furthermore, it has also received more than 800 pre-orders for the new EX30. These trends indicate that the market is poised for accelerated growth over the next three to four years in Australia.

This report provides a detailed data-centric analysis of the electric vehicle and charging infrastructure market, value and volume metrics covering market opportunities and risks across a range of industry categories. with over 75+ KPIs at the country level, this report provides a comprehensive understanding of electric vehicle market dynamics, market size and forecast, and charging infrastructure market statistics.

This report provides the overall vehicle market of the country by value and volume. Further, it breaks down electric and charging infrastructure market. Electric vehicle further breaks down market opportunity by type of vehicle driven, car segments, class of vehicles, propulsion type, distance range and by components in Australia.

The electric vehicle charging infrastructure provides market size data by number of charging stations, and number of charging points. It breaks down market opportunity by type of chargers, by location of charging points, by charging speed, by connection phase, by type of connectivity and by charger connectivity infrastructure.

ConsTrack360’s research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view of emerging business and investment market opportunities.


Scope

This report provides in-depth data-centric analysis of Electric Vehicle and Charging Infrastructure Market in Australia through 97 tables and 119 charts. Below is a summary of key market segments:

Australia Overall Vehicle Market Size and Future Growth Dynamics


  • • Market size by value
    • Market size by volume


    Australia Electric Vehicle Market Size and Forecast
    • Market size by value
    • Market size by volume

    Australia Electric Vehicle Market Volume By Drive Segment
    • Front Wheel Drive
    • Rear Wheel Drive
    • All-Wheel Drive

    Australia Electric Vehicle Market Value and Volume By Car Segment
    • Passenger Car
    • Commercial Vehicle

    Australia Electric Vehicle Market Value and Volume By Passenger Car Segment
    • Small Car
    • Medium Car
    • Crossover Car
    • Large Car
    • SUV

    Australia Electric Vehicle Market Value and Volume By Commercial Vehicle Segment
    • Light Duty Vehicle (Class 1-Class 3)
    • Medium Duty Vehicle (Class 4-Class 6)
    • Heavy Duty Vehicle (Class 7-Class 8)

    Australia Electric Vehicle Market Value By Vehicle Class
    • Low-Priced
    • Mid-Priced
    • Luxury Class

    Australia Electric Vehicle Market Value By Powertrain
    • Parallel Hybrid
    • Series Hybrid
    • Combined Hybrid

    Australia Electric Vehicle Market Value By Distance Range
    • Up to 150 Miles
    • 151-300 Miles
    • Above 300 Miles

    Australia Electric Vehicle Market Value By Charging Type
    • Normal Charging
    • Super Charging

    Australia Electric Vehicle Market Value By Propulsion Type
    • Plug-In Hybrid Electric Vehicles (PHEVs)
    • Battery Electric Vehicles (BEVs)
    • Hybrid Electric Vehicles (HEVs)
    • Fuel Cell Electric Vehicles (FCEVs)

    Australia Electric Vehicle Market Value and Volume By Vehicle Type
    • Two Wheelers (e2W)
    • Three-Wheeler (e3W)
    • Four Wheelers (e4W)
    • Electric Buses

    Australia Electric Vehicle Market Value By Cities
    • Tier 1 Cities
    • Tier 2 Cities
    • Tier 3 Cities

    Australia Electric Vehicle Market Value By Components
    • Battery Cells & Packs
    • On-Board Charge
    • Motor
    • Reducer
    • Power Control Unit
    • Battery Management System
    • Fuel Processor
    • Power Conditioner
    • Air Compressor
    • Humidifier

    Australia Electric Vehicle Infrastructure Market Value

    Australia Electric Vehicle Infrastructure Market Volume
    • Number of Charging Points
    • Number of Charging Stations

    Australia Electric Vehicle - Number of Charging Points By Charging Type
    • Level 1 – 240 (V)
    • Level 2 – 120 (V)
    • Direct Current (DC)

    Australia Electric Vehicle - Number of Charging Stations By Charging Type
    • Level 1 – 240 (V)
    • Level 2 – 120 (V)
    • Direct Current (DC)

    Australia Electric Vehicle - Number of Charging Points By Location
    • Residential and Destination
    • Streets
    • Workplaces
    • Flew depots

    Australia Electric Vehicle - Number of Charging Points By Charging Speed
    • Slow
    • Fast
    • Rapid
    • Ultrarapid

    Australia Electric Vehicle - Number of Charging Stations By Charging Speed
    • Slow
    • Fast
    • Rapid
    • Ultrarapid

    Australia Electric Vehicle - Number of Charging Points By Vehicle
    • Passenger Cars
    • Buses
    • Trucks
    • Light Commercial Vehicles

    Australia Electric Vehicle - Number of Charging Points By Connection Phase
    • Single Phase
    • Three Phase

    Australia Electric Vehicle - Number of Charging Points By Infrastructure Type
    • CSS
    • CHAdeMO
    • GB/T
    • Other

    Australia Electric Vehicle - Number of Charging Points By Connectivity
    • Smart Charging Station
    • Non-Connected Charging Station


    Reasons To Buy

    The report provides a comprehensive overview of the Australia electric vehicle market and infrastructure, covering the following key aspects:
    • Market size by value and volume: This report provides detailed market size and forecast data for electric vehicles in Australia, by value and volume. This data is essential for understanding the current and future potential of the market.
    • Detailed EV market opportunity: This report segments the electric vehicle market by drive segment, car segment, commercial vehicle segment, passenger car segment, commercial vehicle segment, vehicle class, powertrain, distance range, charging type, propulsion type, vehicle type, and cities. This segmentation provides a granular view of the market and helps to identify key growth areas.
    • EV infrastructure: This report also provides a comprehensive overview of the Australia electric vehicle infrastructure market, including market size and forecast data, along with detailed market segmentation. This information is essential for businesses that are looking to invest in the Australia electric vehicle infrastructure market.
    • Assess risks: Granular segment level information helps in identifying new business opportunities and risks in the Australia electric vehicle and infrastructure market.