Australia Electric Vehicle Market Size, Industry Trends, Share and Forecast 2019-2025

Posted May 23, 2020 by mansi3210

Australia Electric Vehicle Market Size, Share & Trends Analysis Report By Vehicle Type by Propulsion Technology by Battery Type , and Forecast 2019-2025

Australia's electric vehicle (EV) market is estimated to grow at a CAGR of over 11.0% during the forecast period. The rising need to address future energy requirements is one of the major factors to drive the growth of the EV market in Australia. The country has adopted a national strategy for EVs to facilitate Australians to take advantage of EV technology. This strategy is adopted to coordinate action across governments, industry and urban and regional communities to improve the consistency of public charging infrastructure. The strategy will build on grants from the Australian Renewable Energy Agency (ARENA), finance from the Clean Energy Finance Corporation (CEFC) and the current work of the COAG Transport and Infrastructure Council. The wide adoption of this national strategy is anticipated to drive the growth of the EV market in Australia.

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The market is segmented on the basis of vehicle type, propulsion technology, and battery Type. Based on vehicle type, the market is sub-segmented into commercial vehicles, passenger cars, and two-wheeler. Based on Propulsion Technology the market is sub-segmented into battery electric vehicle, plug-in hybrid electric vehicle. Based on the propulsion type, plug-in hybrid vehicles are anticipated to have considerable market growth during the forecast period. Based on the Battery type, the market is sub-segmented into NiMH, Li-Ion, and others.

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Australia Electric Vehicle Market Segmentation

By Vehicle Type

• Commercial Vehicles
• Passenger Cars
• Two-Wheelers

By Propulsion Technology

• Battery Electric Vehicles
• Plug-in Hybrid Electric Vehicle

By Battery Type

• NiMH
• Li-Ion
• Others
Company Profiles

• Hyundai Motor Co.
• Jaguar Land Rover
• Kia Motors Corp.
• Mitsubishi Motors Corp.
• Nissan Motor Co.
• Renault Group
• Tesla, Inc.

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Categories Business , Electronics , Manufacturing
Tags Electrical Vehicles , market research , market analysis , market forecast
Last Updated May 23, 2020