Gross sales of hybrid automobiles continued to exceed these of electrical automobiles within the final three months of 2024 regardless of shedding market share throughout the nation, based on the Australian Car Affiliation.
Whereas the market share of hybrids fell from 16.70 per cent within the third quarter to 14.83 per cent, or 42,618 items within the fourth quarter, they nonetheless outsold EVs, which elevated their market share to 7.42 per cent of gross sales, or 21,331 items – up from 6.59 per cent.
Mild automobile gross sales within the fourth quarter of 2024 have been the slowest within the new automotive market because the January quarter of 2023, with a 0.62 per cent fall from 289,098 to 287,294 items.
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As anticipated, medium SUVs remained the most well-liked kind of auto in Australia and dominated hybrid, EV and PHEV markets, although amongst ICE automobiles they have been the fourth-most well-liked section behind 4WD utes, small SUVs and enormous SUVs.
Within the fourth quarter of 2024, greater than half of all SUVs bought have been ICE – a couple of fifth (19.34%) have been hybrids, 6.61% have been EVs and 4.10% have been PHEVs.
ICE automobiles dominated all market segments aside from medium automobiles, the place greater than half have been electrical because of automobiles just like the Tesla Mannequin 3 and BYD Seal.
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New automobile gross sales knowledge from January 2025 reveals that the market has continued to chill with a complete of 86,804 new automobiles registered – 2,978 fewer than January 2024.
However in a shock flip, each hybrid and plug-in hybrid gross sales elevated considerably; hybrids from 9,791 to 14,836 items (+51.5 per cent) and PHEVs from 1,012 to 1,908 (+88.5 per cent).
Additional will increase of battery-powered automobiles are doubtless this yr because the Federal Authorities has carried out its New Automobile Effectivity Normal, which is designed to drive higher gross sales of EVs and extra fuel-efficient automobiles. The scheme took impact on January 1, 2025, and reporting of its results will begin in July.
