October 2021
Battery pack costs have dropped 87% since 2008, making EVs more accessible, as seen with MG’s upgraded ZS EV and the high-tech Polestar 2 entering the market below $60,000. The all-electric Volvo XC40 Recharge has surged to the top of local EV sales, while Ford aims to inject excitement into its Australian lineup. New data confirms electric trucks make economic and environmental sense, though barriers remain—like the “Little Aussie Truck That Could,” which still isn’t available locally. Meanwhile, NSW is leading the charge with a bold initiative to become a national and global EV leader. Despite Western Australia’s motoring lobby blaming range anxiety for slow uptake, more Australians are seeing EVs as freedom from fuel price volatility. However, Australia risks becoming a dumping ground for high-emission vehicles due to stalled regulatory action. On the global stage, companies like Tritium are eyeing Asian EV market growth, while debates over fossil fuel subsidies continue amid rising energy costs. With a growing spreadsheet of upcoming BEV models and Tesla’s deepening ties with Australia’s mining sector, the future of mobility is electric—and rapidly accelerating.
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