7 August

Important to understand this story. Firstly it doesn't mean people are buying petrols or diesels instead. Like the rest of the world, they're buying hybrids. 'Range anxiety' has them spooked, they want an EV, but are worried about range. Range anxiety is a mental illness, not a problem with EVs. Can I offer advice? Don't buy a hybrid, if you want an EV. I have 2 hybrids, and while they're superb cars, I bought them because there were no battery EVs available at the time. I'd swap them for battery EVs every day of the week, once you taste the genius of an electric motor, you'll want that petrol part gone ASAP. Because Australians buy so many Japanese cars, and Japanese car makers have been hopelessly slow at changing to EVs, they're flooding the market with hybrids (which they are very good at making), to try to keep sales. But they're planning to dump them too, don't be fooled. Behind the scenes they're in a panic, madly re-tooling to change to EVs. The great news is this will force even more discounting on battery EVs, as the article says. Bargains galore coming our way. And remember the savings get even bigger after purchase, with no fuel costs and little to no servicing. https://thedriven.io/2024/08/05/ev-sales-slump-in-australia-in-july-prompting-the-new-round-of-electric-price-wars/?fbclid=IwY2xjawEfuk9leHRuA2FlbQIxMQABHRvxC9uDGzgHQQbiS5fsNVdTksj1j8eNid98Hrystzrir1t4vNjQQFk7wQ_aem_YC9jDviwF49jHOj9htmy3A