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← Newsroom/EVs & hybridsSales & market

EV numbers hit 650,000 in Australia, Volvo says electric cars were two thirds of its sales in July

Compiled by ADME Newsroom from 1 source

First reported by The Driven · 7 August at 2:49 pm

Who's covering this — 1 article

EV specialists
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Image: The Driven

The quick read

Full coverage

The Driven·EV specialists·7 August at 2:49 pm

EV numbers hit 650,000 in Australia, Volvo says electric cars were two thirds of its sales in July

Australia's EV fleet has reached 650,000, or 3 per cent of total car fleets, as legacy makers like Volvo say two thirds of sales in latest month were full battery electric. The post EV numbers hit…

Read at The Driven →

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The quick read

  • Australia's EV fleet has reached 650,000 vehicles, making up 3 per cent of total car fleets
  • Volvo reported that two thirds of its sales in the latest month were full battery electric vehicles
  • The growth of EVs is driven by legacy makers like Volvo
  • The EV market is becoming increasingly significant in Australia

For dealers: Australian dealers need to be prepared to meet the growing demand for electric vehicles and adapt their sales strategies accordingly

AI-assisted summary of the coverage below — check the original reporting before relying on specifics.

ADME commentary

The ADME angle

The fact that two thirds of Volvo's sales in the latest month were full battery electric vehicles is a clear indication that Australian consumers are embracing EVs at a rapid pace

What it means for the order bank

Volvo's success with EVs suggests that other manufacturers will need to follow suit to remain competitive, which could lead to a surge in EV models available in the market

This increase in EV options will give consumers more choice and potentially drive down prices, making EVs more accessible to a wider range of buyers

Impact on pricing and margin

As the EV market grows, dealers will need to be mindful of pricing and margin, as consumers will have more options and be more informed about the market

The growth of EVs will also require dealers to invest in training and education for their sales staff to ensure they are equipped to handle the increasing demand for EVs

Preparing for the future

One decisive action a dealer could take this week is to review their current EV offerings and develop a plan to increase their EV stock and training to meet the growing demand

Go deeper — ADME analysis

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  • How a Chinese brand became Australia’s #2 — BYD, Chery, GWM and the new top 10 →