Fuel for Thought: As Petrol Prices Soar, Electric Vehicles Gain Traction The Australian car market is undergoing a seismic shift.
Rising oil prices and stagnant wages have created a perfect storm that's driving motorists to seek out electric vehicles (EVs) as a way to avoid the financial pain caused by record high petrol prices.
Just three months ago, EVs accounted for half of all new vehicle sales, while traditional internal combustion models made up 72% of new sales.