Billions in subsidies and EV sales fall

Drive.com.au published interesting data showing the decline in battery electric vehicle (BEV) sales in Australia despite massive subsidies from governments.

Over the first 11 months of this year, only 8.5% of vehicles sold were BEVs, down from 9.5% over the same period in 2024:

Internal combustion engine (ICE) vehicles accounted for 70.7% of vehicle sales in 2025, down from 74.4% in 2024. In contrast, the share of hybrid vehicles, including both standard and plug-in models, increased to 20.7% in 2025 from 16.1% in 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.