What Does Australia EV Sales Tell Us?

Investment Analysis Clubs Macro Economic Trends and Risks
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And why do we care?
Because Tesla & Chinese EVs compete head to head.
2024 became more competitive as more EV manufacturers entered the Australia market space. Also more models were offered by several manufacturers.
Tesla still dominates in Australia EV sales but their market share shrinks a bit as competition intensifies. And China EVs gain market share. Big 2 [Ford & GM] US presence is practically zero in Australia. Ford 25 E-transit sales in 2023 & 15 E-Transit & 253 Mustang Mach-E sales in 2024.

We read about $10,000 Chinese EVs. None of those have appeared in Australia. Chinese EVs are priced in $30K-$39K range.

2023
Tesla 25,577 EVs sold
BYD 6,196 EVs sold
Volvo 2,281 EVs sold
Hyundai-Kia [own by same firm] 2,153 EVs sold

2024
Tesla 18,433 EVs sold
BYD[China] 7,805 EVs sold
MG[China] 2,922 EVs sold
Hyundai-Kia 2,884 EVs sold

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IIRC, Tesla is a US company.

DB2

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I think he is quoting an article which drifts into ICE. Keep reading that quote to the bottom.

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My Bad. I should have said Big 2 US presence in the Australian market space was practically zero. I will edit OP.

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