Aussie EV Glut

Recent news reports suggest that there is a significant mismatch between the supply and demand for electric vehicles (EVs) in Australia. This has led to a glut of unsold EVs in the used car market, as consumers remain hesitant due to concerns about battery life and resale values.

In fact, the situation is so pronounced that Tesla, one of the leading EV manufacturers, has resorted to renting out shopping centres and airport car parks to store their unsold vehicles. This comes amidst flagging consumer demand and growing competition from cheaper Chinese rivals.

While there are efforts underway to make Australia a more attractive market for EVs, including the introduction of new brands and infrastructure improvements, it's clear that there are still some hurdles to overcome in terms of affordability and consumer confidence.

It seems that while electric vehicles (EVs) have been experiencing some challenges, hybrid vehicles are actually faring better in the Australian market. In fact, hybrid sales have exceeded EV sales in recent quarters, and the demand for both hybrid and electric vehicles continues to grow.

Interestingly, some experts believe that the increasing variety of EV models and improvements in charging infrastructure could boost EV sales in the future. However, for the time being, it appears that Australians are gravitating towards hybrids, which may be seen as a more practical and accessible option for those looking to transition to more eco-friendly vehicles.

What are the stumbling blocks?

• Range Anxiety
• Charging Infrastructure
• High Upfront Costs
• Battery Life (overall)
• Resale Values