EV sales would collapse without subsidies

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The Australian Automobile Association has published the Electric Vehicle Index for Q1 2025.

The data paints a picture of an industry struggling to gain a foothold, despite generous subsidies and incentives from the federal government (read taxpayers).

In Q1 2025, only 17,914 battery electric vehicles (BEVs) were sold in Australia, down 29.9% from 25,552 in Q1 2024.

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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.