Australia November 2024 new car sales
Wafer-thin rise in EV sales from last month at 6.5% Subdued EV market reflects Aus Tesla sales slide of ~30% this year: is this the Elon Musk effect?
Hybrid share steady at 14%
PHEV share 2.5%
https://thedriven.io/2024/12/03/tesla-sales-plunge-again-in-november-is-this-the-elon-musk-effect/ @thedriven.io @reneweconomy.com.au
Wafer-thin rise in EV sales from last month at 6.5% Subdued EV market reflects Aus Tesla sales slide of ~30% this year: is this the Elon Musk effect?
Hybrid share steady at 14%
PHEV share 2.5%
https://thedriven.io/2024/12/03/tesla-sales-plunge-again-in-november-is-this-the-elon-musk-effect/ @thedriven.io @reneweconomy.com.au
Comments
1) the Chinese have taken that market share and;
2) there’s a ton of people holding out for the tsunami of Chinese EV’s because they’re both better and cheaper.
2025 will be the great unstoppering of the genie from the bottle:
New more versatile models (yeh, utes for the weekend), and, more affordable models
We'll see first small/medium EV cars as low as $25k from China
Just under $32k now
https://www.carsales.com.au/cars/new/electric-fueltype/?sort=~Price
In Australia's two speed economy, what if the top tier slows?
Meanwhile we've accumulated absolutely no significant benefit from the profits of the fossil extractors in the last few years, and now that value is in decline