- Turning Point: Electric vehicles account for a small slice of the market, but in 2022, their march could become unstoppable.
By Yan Zhuang
Secondhand cars listed for tens of thousands more dollars (click here) than new cars. Batches of vehicles selling out in minutes. Monthslong wait times.
Welcome to Australia’s electric vehicle market.
“With the fuel prices, everything’s gone crazy,” said William McVicar, a retiree in Brisbane. He and his wife started thinking about buying an electric vehicle last year but put it on the back burner, thinking they would have plenty of time to get around to it.
“We realized we made a terrible mistake. We should have done it then,” he said. Now, everyone they know is talking about getting one, wait lists for new cars have shot up and waiting times have blown out by months.
With soaring oil prices and supply chain constraints, getting your hands on an electric vehicle right now is a challenge in many countries. But the shortage is particularly severe in Australia, where these pressures are compounded by what experts and industry advocates say is a lack of incentives for manufacturers to increase supply to Australia....
Welcome to Australia’s electric vehicle market.
“With the fuel prices, everything’s gone crazy,” said William McVicar, a retiree in Brisbane. He and his wife started thinking about buying an electric vehicle last year but put it on the back burner, thinking they would have plenty of time to get around to it.
“We realized we made a terrible mistake. We should have done it then,” he said. Now, everyone they know is talking about getting one, wait lists for new cars have shot up and waiting times have blown out by months.
With soaring oil prices and supply chain constraints, getting your hands on an electric vehicle right now is a challenge in many countries. But the shortage is particularly severe in Australia, where these pressures are compounded by what experts and industry advocates say is a lack of incentives for manufacturers to increase supply to Australia....
