Australia electric car market is projected to show an exponential growth rate during the forecast period. The electric car market is at a preliminary stage in the country and very few car models are available in the market which includes Tesla Model S, 3, and X, Hyundai Kona, Nissan Leaf, and Jaguar I-Pace. Moreover, the electric car share in the automobile market is less than 1% each year which is very low as compared to developed economies all across the globe including Germany, UK, Norway, Japan, and others. Due to the small market size, car sales in the country have almost doubled to around 5,000 in 2019. One of the major restraints to market growth is the lack of any major subsidy on the electric vehicle in the country.
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Australia electric car market is studied based on vehicle type, propulsion technology, and battery type. On the basis of vehicle type, the market is segmented into hatchback, sedan, and SUV. Sedan is expected to have a significant market share due to the presence of Tesla Model 3 in the country, which is further expected to increase in the near future. By propulsion technology, the market is further segmented into battery-electric cars and plug-in hybrid electric cars. The battery-electric car market is expected to show considerable growth in the country. By battery type, the market is further sub-segmented into NiMH, Li-Ion, and others. Li-ion batteries vehicle is expected to cover a major market share in the near future.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Australia Electric Car Market report Segment
By Vehicle Type
- Hatchback
- Sedan
- SUV
By Propulsion Technology
- Battery Electric Car
- Plug-in Hybrid Electric Car
By Battery Type
- NiMH
- Li-ion
- Others
The Report Covers
- Comprehensive research methodology of the Australia Electric Car Market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Australia Electric Car Market.
- Insights about market determinants which are stimulating the Australia Electric Car Market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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