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Report Overview
The Australia electric car market size is expected to grow at a CAGR of 18.30% between 2026 and 2035.
2025
Base Year
2019-2025
Historical Period
2026-2035
Forecast Period
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As per industry reports, as of mid-2023, electric vehicles (EVs) accounted for 8.4% of all new car sales in Australia, marking a remarkable 120% increase compared to the entirety of 2022.
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Notably, the bulk of EV sales are attributed to just three models—the Tesla Model Y, Tesla Model 3, and BYD Atto 3—which collectively comprise over 68% of the EV market. Despite this concentration, the overall sales of electric cars in Australia have seen a continuous uptick, with the first half of 2023 surpassing the total sales volume for the entire year of 2022.
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By the end of June 2023, Australia had recorded the sale of 46,624 EVs, representing a nearly threefold increase from the same period in 2022—an impressive surge of 269%.
Competitive Landscape
Market players are focusing on the development of new products and innovations, which will help them expand their product portfolio and attract a large number of consumers across the country.
- Tesla Motors Australia Pty Ltd.
- Hyundai Motor Company Australia Pty Ltd.
- BMW Australia Ltd.
- TATA Motors Australia (Jaguar Land Rover Ltd.)
- Volkswagen Group Australia Pty Ltd.
- Others
Australia Electric Car Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 18.30% between 2026 and 2035.
The market is categorised according to its type, which includes battery electric vehicle, plug-in hybrid electric vehicle, and fuel cell electric vehicle.
The key market players are Tesla Motors Australia Pty Ltd., Hyundai Motor Company Australia Pty Ltd., BMW Australia Ltd., TATA Motors Australia (Jaguar Land Rover Ltd.), Volkswagen Group Australia Pty Ltd., and others.
The market is driven by factors that include rising government initiatives, increasing investments in charging infrastructure expansion and growing environmental concerns, among others.
The market is categorised according to its drive type, which includes front wheel drive, rear wheel drive, and all-wheel drive.
Presently, electric vehicles account for merely 3.8% of new car sales in Australia, a stark contrast to Norway's impressive figure of 88%. However, there are signs of progress underway.
By the conclusion of June 2023, Australia had witnessed the sale of 46,624 electric vehicles (EVs), marking a staggering 269% surge compared to the corresponding period in 2022. With this surge, EVs now constitute 8.4% of the total new car sales in Australia.
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