China has become the world's largest electric vehicle manufacturer, with some of its models are coming to Australia in the new year, bringing a more-attractive price tag for Australian consumers.
By comparison, Australia is lagging behind, despite similar government subsidies being introduced here.Currently, all states and territories offer some form of purchase incentives to facilitate sales.From January to November, 2.9 per cent of all cars sold in Australia were battery EVs, according to data from the automotive industry peak body Federal Chamber of Automotive Industries .
China's top leaders have been trying to carve out the country as a market leader in the global EV industry. BYD is China's largest carmaker and a major battery manufacturer, while MG is backed by Chinese state-owned car company SAIC Motor. "We do anticipate prices [will] become a little bit more competitive in the coming years as there's more and more [electric] vehicles on the road."Mr Todd said EVDirect was bringing a light SUV and a sedan onto the market in early 2023.
"The cost of manufacturing an EV in China is lower than other countries, given locally made batteries, cheaper labour costs and a comprehensive supply chain for all the car components," he explained. She said federal and some state governments' emission reduction targets, consumer willingness and improved charging availability had laid the foundation for an acceleration in EV uptake.
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