If you’re looking to buy a new car, then you should take a minute to consider if an electric car is right for you. There are a lot of advantages to electric cars, but the two biggest downsides in Australia are price and choice.
Regarding the choice of available models, often many new car buyers, simply aren’t even aware of the EVs available and thanks to the almost no servicing, we’re hearing plenty of reports that dealerships aren’t promoting them.
The latest episode of the popular Fully Charged Show, has a fantastic rundown of almost every electric car that’s been available in the last decade. Importantly they also take a look at some of the great EV options available in 2021 and vehicles that are on the way in coming years.
As you watch the video and see the volume of electric cars available internationally, it’s clear Australia is coming up short when it comes to entrants into the Aussie marketplace. If we were able to attract more automakers to sell electric vehicles into Australia, it would have multiple benefits.
Ultimately more models, across a number of vehicle categories and price points, will see more Australians find their way into an EV that’s right for their family.
With more choice, comes more adoption, helping reduce the emissions from our transport sector, helping us to meet our state and federal climate objectives.
As more electric vehicles enter the market, increased competition will create a downward pressure on price, but the variety of options has to be increased before that can take place.
To date, reductions in the price of electric vehicles has largely been a result of technology advancements, like the decrease in battery cost. With the addition of more models to our market, consumers will have multiple EVs to choose from, in the same market segment (like mid-sized SUVs) to help drive down costs as automakers battle it out for marketshare. This reduced price just benefits consumers and will again help increasing adoption.
It is estimated that the cost of bringing a new vehicle model to Australia, is around $1Million in certifications, approvals, safety tests etc. This means the return on investment can be a long one for an automaker, giv