Japanese Media: BYD Believes Australia Has Completed the Shift from Fuel Cars to Electric Vehicles
As reported by Japan's Asian Economic News on September 10: According to information from China's BYD Auto, the Australian automotive market has passed the turning point from internal combustion engine vehicles to electric vehicles, and the transition toward EVs is accelerating. This assessment by BYD is based on new electric vehicle sales surpassing those of gasoline-powered cars for the first time in August.
BYD stated: The perception that EVs are easy to drive and powerful has spread through consumer experiences and word-of-mouth, significantly reducing past resistance—this has become a key driver of sales growth.
The ongoing Middle East conflict has driven fuel prices upward, while the increasing availability of low-cost Chinese electric vehicles has further enhanced the price competitiveness of EVs and boosted sales. On the other hand, the development of charging infrastructure in Australia has not kept pace with the growing adoption of electric vehicles—a challenge that remains unresolved.
According to automotive research firm Carloop, despite over 80,000 new EVs being purchased in the past three months, New South Wales has only 515 fast-charging stations, and Victoria has just 396. Consumers are concerned about whether charging points will be available during long-distance travel or in rural areas—an issue known as "charging anxiety."
Additionally, luxury brand Cadillac’s electric vehicles continue to struggle in the market. Despite the continuous expansion of the EV market, General Motors’ (GM) luxury division Cadillac remains in difficulty. More than a year and a half after entering the Australian market, sales remain weak. The flagship EV, the Lyriq, has been reduced in price by over AUD 30,000, but it remains uncertain whether this price cut will lead to increased sales.
Original Article: toutiao.com/article/1875917365957644/
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