Australia Electric Car Market Overview

Maximize Market Research has published a report on the global Australia Electric Car Market, providing a comprehensive overview of the market, its dynamics, regional insights, and competitive landscape. The report is a valuable resource for investors and key players, providing insights that can be used to make informed decisions about the market.

Market Growth Projection:

Australia Electric Car Market is expected to grow at a CAGR of 5.4% during the forecast period and is expected to reach US$ 419.92 Mn by 2029.

Australia Electric Car Market Report Scope and Research Methodology

The Australia Electric Car market report provides a comprehensive assessment of the global market, including insights into the industry's stakeholders. The report includes detailed information on the Australia Electric Car market's value, revenue, production, and sales. It clearly shows the historical and current status of the market, as well as the forecasted trends and Australia Electric Car market size.

The report employed several research methodologies to understand consumer behavior, including interviews and surveys. MMR's report is the result of a multi-method study that included Porter's, PESTLE, and SWOT analyses, as well as a bottom-up approach to estimating the Australia Electric Car market size. Primary and secondary research methodologies were used to collect the data for the Australia Electric Car market report. These methods were used to shed light on the key financial considerations of Australia Electric Car key players.

Dynamics :

Australia saw a three-fold increase in EV sales last year, but the growth is still far slower than in the majority of developed countries. Sales of fully electric and hybrid plug-in cars increased to 6,718 in 2019 from 2,216 in 2018. Over that time, cars with internal combustion engines saw a 7.8% decline in sales. In contrast to other countries, Australia has not implemented financial incentives or government regulations, which may be the reason for the slow uptake of EVs. EV adoption rates are very high in countries like Norway that offer financial and non-financial incentives for EV purchase and maintenance.

The recently introduced Model 3 sedan has taken the lead in the EV market in Australia, capturing the majority of the market share for California-based automaker Tesla. 2019 saw the sales In Australia, the share of new pure electric automobiles made up approximately 0.5% of the whole new car market.

Approximately 70% of these sales came from Tesla, with probably even more, and the Model 3 accounted for roughly two-thirds of all yearly sales of electric vehicles, despite the model's initial distribution not happening until late August. Even with 3,135 sales, the BMW 3 was probably hidden by the Model 3, which went on to take the lead in the market for passenger cars valued above $60,000. The Mercedes Benz C-Class came in second (6,798).



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Segmentation :

Australia Electric Car Market, by Technology


Australia Electric Car Market, by Product

• Hatchback
• Sedan
• Others

Australia Electric Car Market, by Battery

• Li-NMC
• Others

Australia Electric Car Market, by Battery Capacity

• >201 Ah
• <201 Ah

Australia Electric Car Market, by End-User

• Shared mobility providers
• Government organizations
• Personal users
• Others


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Australia Electric Car Market Regional Insights

A detailed analysis of all five regions including North America, Asia Pacific, Europe, Middle East and Africa and South America is provided in the Australia Electric Car market report. 

Key Players :

• Renault
• Nissan
• Tesla
• Hyundai
• Jaguar I-Pace
• Mercedes-Benz
• Audi
• Kia
• Mazda
• Lexus
• Polestar
• Volvo
• Porsche

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Key Questions answered in the Australia Electric Car Market Report are: 

  • What is the forecast period of the Australia Electric Car market report?
  • What was the Australia Electric Car market size in 2021?
  • What is the expected Australia Electric Car market size by 2029?
  • What is the expected Australia Electric Car market size by the end of the forecast period?
  • Which segment in the Australia Electric Car market is expected to grow rapidly during the forecast period?
  • Who are the Australia Electric Car key players in the industry? 
  • What key trends are expected to emerge in the Australia Electric Car market during the forecast period?
  • Which region dominated the global Australia Electric Car market? 
  • Which regional market is expected to grow at a high rate during the forecast period?

Key Offerings:

  • A detailed Market Overview
  • Market Share, Size & Forecast by Revenue | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation – A detailed analysis of segments and sub-segments
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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