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Electric vehicle sales are surging. Australian sales doubled in 2022 to 3.8% of all new vehicle purchases, and were up 780% in the first two months of 2023 compared to a year ago.
In the United States, Europe and China, the market share of electric vehicles is much higher, helped by greater government support. As industry journal Automotive News puts it:
The electric vehicle revolution isn’t coming — it’s already here.
And the revolution is accelerating. The US move to adopt strict new vehicle emissions standards could drive up electric vehicle sales tenfold. Old carmaking plants have already been revived.
There are bound to be flow-on effects in Australia, where the government is about to release a national electric vehicle strategy and new vehicle emission standards.
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