Electric car sales boom

Friday 5 May 2023

The Federal Chamber of Automotive Industries (FCAI) has released new car sales figures for April, with sales volumes rising 1.3% year-on-year:

FCAI Chief Executive Tony Weber noted that “electric vehicles accounted for 8% of sales in April. This is well up from 1.1% compared with April 2022”.

“If you take all forms of electrification, that number has increased from 9.5% to 15.4%, and we know that this number would have been larger had the industry not faced global supply challenges”.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.