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Australia Electric Car Market to Reach USD 471.47 Mn by 2030, Growing at 5.56% CAGR!

Australia Electric Car Market

Australia Electric Car Market

Australia's Electric Car Market Accelerates Towards Sustainable Growth

The Australian electric car market is experiencing a notable surge, driven by increasing environmental awareness, technological advancements, and supportive government policies. Valued at approximately USD 322.82 million in 2023, the market is projected to reach nearly USD 471.47 million by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 5.56% during the forecast period.

To delve deeper into this research, kindly explore the following link:

https://www.maximizemarketresearch.com/request-sample/65405/

Competitive Landscape

The Australian electric vehicle (EV) market features a mix of global and local players striving to capture the growing demand. Prominent companies such as Tesla, Nissan, Hyundai, and Mitsubishi have introduced various electric car models, showcasing improved range, performance, and features to attract Australian consumers.

Regional Demand Highlights

Urban centers like Sydney and Melbourne are leading the charge in EV adoption, attributed to better charging infrastructure and heightened environmental consciousness among residents. These regions are witnessing increased investments in charging networks, further propelling market growth.

To further investigate this topic, please navigate to the following link:

https://www.maximizemarketresearch.com/request-sample/65405/

Segmentation Analysis

By Type

BEV
PHEV
HEV

Due to their zero emissions, which appeal to consumers who care about the environment and government programs that support clean transportation, battery electric vehicles, or BEVs, dominated the Australian electric car market in 2023. These vehicles are mainly becoming popular in urban areas. Offering both electric and internal combustion engine power, plug-in hybrid electric vehicles (PHEVs) are a rapidly expanding segment of the Australian electric car market. They are popular with consumers looking for a balance between the convenience of a backup combustion engine and the electric range, making them ideal for longer trips and areas with insufficient charging infrastructure. Customers switching to electric mobility continue to favor HEVs since they run on both internal combustion and electric engines and don't require external charging, particularly in places with sparse charging infrastructure.

By Product

Hatchback
Sedan
SUV
Others

By Battery

LFP
Li-NMC
Others

By Battery Capacity

201 Ah

By End-User

Shared mobility providers
Government organizations
Personal users
Others

Looking for in-depth market insights? Check out the summary of the latest research report:

https://www.maximizemarketresearch.com/market-report/australia-electric-car-market/65405/

Key Market Participants:

1. Tesla ,Palo Alto, California, USA.
2. Nissan ,Yokohama, Japan.
3. BMW ,Munich, Germany.
4. Chevrolet ,Detroit, Michigan, USA.
5. Audi ,Ingolstadt, Germany.
6. Hyundai ,Seoul, South Korea.
7. Kia ,Seoul, South Korea.
8. Jaguar ,Coventry, UK.
9. Mercedes-Benz ,Stuttgart, Germany.
10. Ford ,Dearborn, Michigan, USA.
11. Renault ,Boulogne-Billancourt, France.
12. Volkswagen ,Wolfsburg, Germany.
13. Porsche ,Stuttgart, Germany.
14. Volvo ,Gothenburg, Sweden.
15. Mitsubishi ,Tokyo, Japan.
16. Rivian ,Irvine, California, USA.
17. Lucid Motors ,Newark, California, USA.

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Contact Us:

MAXIMIZE Market RESEARCH PVT. LTD.

3rd Floor, Navale IT park Phase 2,

Pune Banglore Highway, Narhe

Pune, Maharashtra 411041, India.

+91 9607365656

sales@maximizeMarketresearch.com

About Us:

Maximize Market Research is one of the fastest-growing Market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

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