Electric Vehicle Wholesaling in Australia - Industry Market Research Report

Electric Vehicle Wholesaling in Australia - Industry Market Research Report

Electric Vehicle Wholesaling in Australia

The Electric Vehicle Wholesaling industry has grown rapidly over the past five years. Increased charging infrastructure availability has supported demand, as has an increased range of electric vehicle (EV) models. Rising concern about environmental issues has also assisted the industry, as consumers have sought to lower their environmental footprint. A mostly positive consumer index, which indicates households are optimistic about their financial position and more likely to make expensive purchases, has further supported this trend. Despite these factors, EVs are still unaffordable for many consumers due to their high price point, limiting their consumer market. Additionally, minimal federal and state government support has restricted EV uptake, causing Australia to lag behind the global average. EV production issues associated with the global microchip shortage have exacerbated this lag. Overall, industry revenue is expected to rise at an annualised 63.4% over the five years through 2022-23, to reach $2.8 billion. This result includes anticipated growth of 37.8% in the current year, as more consumers choose to purchase an EV.

The Electric Vehicle Wholesaling industry is primarily involved in the distribution of electric passenger vehicles. These include battery electric vehicles and plug-in hybrid electric vehicles. Hybrid electric vehicles are not included in the industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."