this post was submitted on 11 Jul 2024
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Electric Vehicles
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Australia, the key market surprise is Australia.
Is that because Australia has Chinese cars, like BYD, which are rapidly filling the lower end of the EV market. They are banned or have huge inport duties in other markets. Looks like theybolan to launch the next one in Australia but just sell off existing stock. Competition seems to be spurring them on to make decisions to sell where they can, which is not necessarily a bad thing. Less choice, certainly would be but I dont imagine they will abandon the Australian market for good. This just puts more pressure for affordable evs, in Australia and elsewhere.