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© 2026 ADME. All rights reserved.PrivacyTermsEditorial standards
← Newsroom/EVs & hybridsSales & market

Higher interest rates won’t slow EV sales, says EV Council

Compiled by ADME Newsroom from 1 source

First reported by CarExpert · 30 September at 12:00 pm

Who's covering this — 1 article

Motoring press
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Image: CarExpert

The quick read

Full coverage

CarExpert·Motoring press·30 September at 12:00 pm

Higher interest rates won’t slow EV sales, says EV Council

The Electric Vehicle Council said there’s a link between interest rate rises and electric car uptake, suggesting recent increases helped boost sales.

Read at CarExpert →

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The quick read

  • The Electric Vehicle Council claims that higher interest rates have helped boost electric car sales.
  • EV buyers are more resilient to economic changes than traditional car buyers.
  • Dealers who are slow to adapt to the trend towards EVs may find themselves with a stock mix that is out of touch with changing consumer preferences.
  • Effective marketing and lead handling strategies will be essential for dealers to attract and retain EV customers.

For dealers: Australian dealers need to be aware of the growing demand for EVs and adapt their stock mix and marketing strategies accordingly to remain competitive.

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

ADME commentary

The ADME angle

Higher interest rates are often seen as a barrier to car sales, but the Electric Vehicle Council's claim that recent increases have helped boost electric car uptake suggests that EV buyers are more resilient to economic changes than traditional car buyers.

This has significant implications for the types of cars that dealers should be stocking, with a potential shift towards more EVs and hybrids in the lineup.

What it means for stock and ordering

Dealers who are slow to adapt to this trend may find themselves with a stock mix that is out of touch with changing consumer preferences, potentially leading to lost sales and reduced profitability.

The Electric Vehicle Council's statement also implies that EV buyers are more focused on the long-term benefits of their purchase, such as fuel savings and lower emissions, rather than short-term costs like interest rates.

Competitor response and market dynamics

As more dealers begin to stock a wider range of EVs, competition in this segment is likely to increase, making it essential for dealers to develop effective marketing and lead handling strategies to attract and retain customers.

Dealers who can effectively communicate the value proposition of EVs to their customers, including the potential for lower operating costs and reduced environmental impact, will be well-placed to capitalize on this trend.

Taking action

This week, dealers can take a decisive action by reviewing their current stock mix and ordering more EVs to meet the growing demand, and also by developing a marketing strategy that highlights the benefits of EV ownership to potential customers.

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