Market Share of Australia Electric Vehicle Industry
The Australian electric vehicle market is moderately consolidated owing to its competitive nature and the presence of a large number of players operating it across the country. These players are estimated to focus on the development of new products and innovations, which will help them expand their product portfolio and attract a large number of consumers across the country.
For instance, in August 2022, Toyota Australia announced pricing for the all-new Corolla Cross small SUV, which arrives in local showrooms in October with an entry-level recommended retail price of AUD 33,000. Customers will be offered a lineup of eight different variants with a choice of two-wheel drive or electric all-wheel drive, gasoline, or hybrid powertrains, and three grades - GX, GXL, and flagship Atmos.
In March 2022, Honda has confirmed plans to launch the next-generation HR-V in Australia. The new model will be available in two trim levels with a choice of petrol or hybrid power, pitting Honda against Toyota's C-HR Hybrid and the upcoming Corolla Cross Hybrid.
In October 2021, Ford Australia announced that it will introduce at least five new electrified vehicles by the end of 2024, starting with a full-size, pure-electric E-Transit as a part of its electrification strategy. E-Transit features both AC charging and DC fast charging. The vehicle's 11.3 kW on-board charger is capable of delivering a 100 percent charge in up to 8.2 hours. Ford Australia's EV roadmap forms part of Ford's global investment of USD 30 billion in electrification by 2025..p[
Some of the Key players operating in the Australian electric vehicle include Toyota Motor Corporation, Tesla, Lexus Corporation, Honda Motor Corporation, and others.
Australia EV Market Leaders
Toyota Motor Corporation
Tesla Inc.
Lexus Motor Corporation
MG Motor (SAIC MOTOR AUSTRALIA PTY LTD )
Mazda Motor Corporation
*Disclaimer: Major Players sorted in no particular order
