Fuel crisis drives record Aussie electric car sales
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The fuel crisis in Australia has driven record sales of electric cars, with demand for secondhand EVs surging as cost-conscious households seek to cut costs. The Australian government is expected to introduce fuel rationing after Easter, and the oil crisis is expected to be much bigger than the 2022 crisis and the oil shocks of the 1970s.
Australia's fuel crisis has led to a surge in electric car sales. EV registrations have shot up sharply, with manufacturer order books filling up and wait times blowing out to months for popular models. Demand for secondhand EVs is also increasing, as they are cheaper to run and the upfront price difference with combustion engine cars has dropped. The Australian government has temporarily halved fuel excise tax, but this will do little to alleviate the crisis if supply tightens. Many households are seeking cheaper alternatives, especially in car-dependent regional towns and outer suburbs. The government is expected to introduce fuel rationing after Easter.
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