Battery-powered electric vehicle sales plunge by 25% as Australian drivers choose hybrid models

Battery-powered electric vehicle sales fell sharply last quarter and may have temporarily peaked as consumers turn to hybrid models that attract tax concessions, according to new analysis.

Quarterly vehicle sales data released by the Australian Automobile Association on Monday reveals petrol-powered cars continued to decline in popularity, with sales falling by 9.16% in the three months to 30 September.

During this same period, electric vehicle sales declined by 25% from 25,353 to 18,990, with market share falling from 8.10% to 6.57% – the lowest since 2022.