Australia Electric Vehicle Market Growth, Size, Trends, Share, Revenue, Demand and Future Outlook
Australia Electric Vehicle Market Size– By Vehicle Types, By Charger Types, By DC Charger Connector Types, By DC Charger Power Ratings, By Charger End Consumers- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jan-2024 | Report ID: AMIN2417 | Pages: 1 - 103 | Formats*: |
| Category : Automotive & Transportation | |||
Australia Electric Vehicle Market Introduction and Overview
According to SPER Market Research, the Australia Electric Vehicle Market is estimated to reach USD 111.87 billion by 2033 with CAGR of 33.32%.
The report includes an in-depth analysis of the Australia Electric Vehicle Market, including market size and trends, product mix, applications, and supplier analysis. A vehicle that is propelled by one or more electric motors is called an electric vehicle (EV). It can run on a battery (which is occasionally charged by solar panels, or by turning gasoline into electricity using fuel cells or a generator), or it can run on a collector system that draws electricity from sources outside of the vehicle. In addition to road and rail vehicles, electric vehicles (EVs) can also comprise electric boats, electric spacecraft, electric aircraft, and underwater vehicles.
- February 2022: Polestar stated in February 2022 that sales would commence in Australia, and that pre-configured Polestar 2 vehicles would be delivered starting in March. With prices starting at a very competitive USD 59,900 for the Standard range Single motor and USD 64,900 for the Long-range Single motor, Polestar 2 is the first all-electric model in the Polestar catalog.
- March 2022: The year saw the exclusive distributor EV Direct introduce BYD Atto's three electric crossovers to the Australian market. One of them is the Atto 3, or Yuan Plus as it is called in China. Built on e-Platform 3.0, this state-of-the-art model uses BYD's cutting-edge Blade EV battery technology.
Market Opportunities and Challenges
The country's infrastructure for electric car charging has been essential in promoting the nationwide adoption of EVs. The nation's infrastructure for EV charging has been actively funded by the Australian government. Government incentives to encourage the purchase and use of hybrid vehicles, together with the implementation of strict pollution and fuel economy standards, are some of the main drivers propelling the growth of the market under study. All across the nation, the popularity of hybrid cars has increased dramatically because they are more appealing to a wider range of consumers than full-electric cars. They combine the advantages of instantaneous filling, long-range driving, and dependability of gasoline and diesel vehicles with the increased fuel efficiency and reduced carbon footprint of electric vehicles.
It was difficult for EV users to locate convenient charging choices due to the lack of charging stations, particularly in rural locations. It was stressed that in order to reduce range anxiety and promote adoption, a comprehensive and effective fast-charging network was required. The market's expansion was hampered by the absence of comprehensive and consistent government policies pertaining to EV refunds, subsidies, and incentives. Even while electric vehicles may save money on operational expenses over time, their high initial costs in comparison to conventional automobiles made them less appealing to consumers. Slower adoption rates were a result of misunderstandings regarding the features, performance, and charging capacities of electric vehicles as well as a lack of knowledge about their advantages.
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Market Competitive Landscape
Due to intense competition and a wide number of players operating throughout the nation, the Australian electric car industry is somewhat concentrated. It is anticipated that these players would concentrate on the creation of new goods and innovations in order to broaden their product line and draw in a sizable consumer base throughout the nation. Some of major players are Toyota Motor Corporation, Tesla Inc., Lexus Motor Corporation, Honda Motor Corporation, MG Motor (SAIC MOTOR AUSTRALIA PTY LTD.) and various others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Vehicle Types, By Charger Types , By DC Charger Connector Types , By DC Charger Power Ratings , By Charger End Consumers |
| Regions covered | NSW, Victoria, Queensland, WA, SA, ACT, Tasmania |
| Companies Covered | Toyota Motor Corporation, Tesla Inc., Lexus Motor Corporation, Honda Motor Corporation, MG Motor (SAIC MOTOR AUSTRALIA PTY LTD.) and various others. |
COVID-19 Impact on Australia Electric Vehicle Market
Global supply chains experienced severe interruptions as a result of the COVID-19 epidemic. Like other automotive products, shortages of parts and manufacturing delays may have had an impact on the production and delivery of electric vehicles. Consumer spending patterns during the epidemic may have been impacted by economic uncertainties. Some buyers may have put off buying an electric vehicle because it is a somewhat expensive item. Numerous nations have implemented or modified policies and incentives in an effort to promote economic recovery. Within the automobile sector, this may involve providing incentives to encourage the adoption of electric vehicles. The expansion of the EV market may be impacted by changes in government support. Positively, the pandemic's increased attention to environmental issues may have enhanced the case for electric cars as a more environmentally friendly mode.
Key Target Audience:
- Tourists
- Government Bodies and Regulators
- Automakers and Manufacturers
- Charging Infrastructure Providers
- Fleet Operators
- Utilities and Energy Providers
- Investors and Financial Institutions
- Technology and Software Developers
- Consumers
Our in-depth analysis of the Australia Electric Vehicle Market includes the following segments:
| By Car Type: |
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| By Application Type: |
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| By Region: |
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Key Topics Covered in the Report:
- Australia Electric Vehicle Market Size (FY’2023-FY’2033)
- Overview of Australia Electric Vehicle Market
- Segmentation of Australia Electric Vehicle Market By Vehicle Type (Electric 2-Wheeler, Electric 3-Wheeler, Electric 4-Wheeler,Passenger Car And Light Commercial Vehicle, Electric Bus, Electric Truck)
- Segmentation of Australia Electric Vehicle Market By Charger Types (AC, DC)
- Segmentation of Australia Electric Vehicle Market By DC Charger Connector Types (CHADEMO, CCS, Tesla Superchargers, GB/T)
- Segmentation of Australia Electric Vehicle Market By DC Charger Power Ratings (40-80 KW, 80-120 KW, 120-200 KW)
- Segmentation of Australia Electric Vehicle Market By Charger End Consumers (Public, Private)
- Statistical Snap of Australia Electric Vehicle Market
- Expansion Analysis of Australia Electric Vehicle Market
- Problems and Obstacles in Australia Electric Vehicle Market
- Competitive Landscape in the Australia Electric Vehicle Market
- Impact of COVID-19 and Demonetization on Australia Electric Vehicle Market
- Details on Current Investment in Australia Electric Vehicle Market
- Competitive Analysis of Australia Electric Vehicle Market
- Prominent Players in the Australia Electric Vehicle Market
- SWOT Analysis of Australia Electric Vehicle Market
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Australia Electric Vehicle Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Australia Electric Vehicle Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Australia Electric Vehicle Market
7. Australia Electric Vehicle Market, By Vehicle Type (USD Million)
7.1. Australia Electric Vehicle Market Value Share and Forecast, By Vehicle Type, 2023-20337.2. Electric 2-Wheeler7.3. Electric 3-Wheeler7.4. Electric 4-Wheeler7.4.1. Passenger Car And Light Commercial Vehicle (Goods Carrier)7.4.2. Electric Bus7.4.3. Electric Truck
8. Australia Electric Vehicle Market, By Charger Types (USD Million)
8.1. Australia Electric Vehicle Market Value Share and Forecast, By Charger Types, 2023-20338.2. AC8.3. DC
9. Australia Electric Vehicle Market, By DC Charger Connector Types (USD Million)
9.1. Australia Electric Vehicle Market Value Share and Forecast, By Vehicle Type, 2023-20339.2. CCS9.3. CHADEMO9.4. GB/T9.5. Tesla Superchargers
10. Australia Electric Vehicle Market, By DC Charger Power Ratings (USD Million)
10.1. Australia Electric Vehicle Market Value Share and Forecast, By DC Charger Power Ratings, 2023-203310.2. 40-80 KW10.3. 80-120 KW10.4. 120-200 KW
11. Australia Electric Vehicle Market, By Charger End Consumers (USD Million)
11.1. Australia Electric Vehicle Market Value Share and Forecast, By DC Charger Power Ratings, 2023-203311.2. Public11.3. Private
12. Australia Electric Vehicle Market Forecast, 2019-2033 (USD Million)
12.1. Australia Electric Vehicle Market Size and Market Share
13. Australia Electric Vehicle Market, By Vehicle Type, 2019-2033 (USD Million)
13.1. Australia Electric Vehicle Market Size and Market Share By Vehicle Type (2019-2026)13.2. Australia Electric Vehicle Market Size and Market Share By Vehicle Type (2027-2033)
14. Australia Electric Vehicle Market, By Charger Types, 2019-2033 (USD Million)
14.1. Australia Electric Vehicle Market Size and Market Share By Charger Types (2019-2026)14.2. Australia Electric Vehicle Market Size and Market Share By Charger Types (2027-2033)
15. Australia Electric Vehicle Market, By DC Charger Connector Types, 2019-2033 (USD Million)
15.1. Australia Electric Vehicle Market Size and Market Share By DC Charger Connector Types (2019-2026)15.2. Australia Electric Vehicle Market Size and Market Share By DC Charger Connector Types (2027-2033)
16. Australia Electric Vehicle Market, By DC Charger Power Types, 2019-2033 (USD Million)
16.1. Australia Electric Vehicle Market Size and Market Share By DC Charger Power Types (2019-2026)16.2. Australia Electric Vehicle Market Size and Market Share By DC Charger Power Types (2027-2033)
17. Australia Electric Vehicle Market, By Charger End Consumers, 2019-2033 (USD Million)
17.1. Australia Electric Vehicle Market Size and Market Share By Charger End Consumers (2019-2026)17.2. Australia Electric Vehicle Market Size and Market Share By Charger End Consumers (2027-2033)
18. Australia Electric Vehicle Market, By Region, 2019-2033 (USD Million)
18.1. Australia Electric Vehicle Market Size and Market Share By Region (2019-2026)18.2. Australia Electric Vehicle Market Size and Market Share By Region (2027-2033)18.3. NSW18.4. Victoria18.5. Queensland18.6. WA18.7. SA18.8. ACT18.9. Tasmania
19. Company Profile
19.1. Honda Motor Corporation LTD)19.1.1. Company details19.1.2. Financial outlook19.1.3. Product summary19.1.4. Recent developments19.2. MG Motor (SAIC MOTOR AUSTRALIA PTY)19.2.1. Company details19.2.2. Financial outlook19.2.3. Product summary19.2.4. Recent developments19.3. Mazda Motor Corporation19.3.1. Company details19.3.2. Financial outlook19.3.3. Product summary19.3.4. Recent developments19.4. Lexus Motor Corporation19.4.1. Company details19.4.2. Financial outlook19.4.3. Product summary19.4.4. Recent developments19.5. Ningbo Runyes Medical Instrument Co. Ltd.19.5.1. Company details19.5.2. Financial outlook19.5.3. Product summary19.5.4. Recent developments19.6. Tesla Inc.19.6.1. Company details19.6.2. Financial outlook19.6.3. Product summary19.6.4. Recent developments19.7. Toyota Motor Corporation19.7.1. Company details19.7.2. Financial outlook19.7.3. Product summary19.7.4. Recent developments15.20 Others
16 List of Abbreviations
17 Reference Links
18 Conclusion
19 Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Australia Electric Vehicle Market is projected to reach USD 111.87 Billion by 2033, growing at a CAGR of 33.32% during the forecast period.
Australia Electric Vehicle Market grew in market size from 2023. The Market is expected to reach USD 111.87 Billion by 2033, at a CAGR of 33.32% during the forecast period.
Australia Electric Vehicle Market CAGR of 33.32% during the forecast period.
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Australia Electric Vehicle Market size is USD 111.87 Billion from 2023 to 2033.
Australia Electric Vehicle Market Segment is Covered By Vehicle Types, By Charger Types , By DC Charger Connector Types , By DC Charger Power Ratings , By Charger End Consumers
The Asia Pacific region is anticipated to have the highest market share in Asia Pacific Dairy Products Market.
The key players in the market include Companies Covered Toyota Motor Corporation, Tesla Inc., Lexus Motor Corporation, Honda Motor Corporation, MG Motor (SAIC MOTOR AUSTRALIA PTY LTD.) and various others.others
Government incentives to encourage the purchase and use of hybrid vehicles, together with the implementation of strict pollution and fuel economy standards, are some of the main drivers propelling the growth of the market under study.
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