Australia’s electric vehicle (EV) market is estimated to grow at a CAGR of over 11.0% during the forecast period. The rising need to address future energy requirements is one of the major factors to drive the growth of the EV market in Australia. The country has adopted a national strategy for EVs to facilitate Australians to take advantage of EV technology. This strategy is adopted to coordinate action across governments, industry and urban and regional communities to improve the consistency of public charging infrastructure. The strategy will build on grants from the Australian Renewable Energy Agency (ARENA), finance from the Clean Energy Finance Corporation (CEFC) and the current work of the COAG Transport and Infrastructure Council. The wide adoption of this national strategy is anticipated to drive the growth of the EV market in Australia.
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The market is segmented on the basis of vehicle type, propulsion technology, and battery Type. Based on vehicle type, the market is sub-segmented into commercial vehicles, passenger cars, and two-wheeler. Based on Propulsion Technology the market is sub-segmented into battery electric vehicle, plug-in hybrid electric vehicle. Based on the propulsion type, plug-in hybrid vehicles are anticipated to have considerable market growth during the forecast period. Based on the Battery type, the market is sub-segmented into NiMH, Li-Ion, and others.
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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 Vehicle Market Report Segment
By Vehicle Type
- Commercial Vehicle
- Passenger Cars
- Two-Wheelers
By Propulsion Technology
- Battery Electric Vehicle
- Plug-in Hybrid Electric Vehicle
By Battery Type
- Li-Ion
- Others
The Report Covers
- Comprehensive research methodology of the Australia electric vehicle 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 Australia electric vehicle market.
- Insights about market determinants which are stimulating the Australia electric vehicle market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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