00:00Competition for a slice of the local electric vehicle market is going into overdrive.
00:07Next year, 70 new models hit the market and new brands come to market as well.
00:13At this EV show in Melbourne, the buzz is evident.
00:16Low maintenance, low operating cost.
00:19We still have a bit of range anxiety.
00:22I'm happy with going with an EV. I don't need to ever go to a petrol station anymore.
00:26In June, EVs accounted for a record 10.3% of all new car sales in Australia.
00:32Add in plug-in hybrids and they made up more than 15%.
00:36Some EVs sell for around $30,000.
00:39Affordability is set to accelerate as car makers avoid penalties introduced this month to reduce vehicle emissions.
00:47If they don't meet those sales numbers or those emissions standards,
00:50then they have to pay another car maker credits.
00:53They'd rather keep the money themselves and even if they have to take a bit of a loss on their own car,
00:57they'd probably prefer to get that out of the door.
00:59Tesla still dominates EV sales.
01:02But if you include plug-in hybrids, BYD outsold Tesla in the first half of 2025.
01:08EV owners may soon face new taxes though,
01:12with the federal government saying a road use charge to replace the fuel excise is inevitable.
01:18There's also talk of reviewing the fringe benefits tax exemption for EVs.
01:23This car maker says instead tax breaks for utes should be scrapped.
01:27That's an exemption that's been afforded to those vehicles since 1986
01:31and cost taxpayers billions of dollars.
01:33It makes far more sense to put those subsidies against vehicles that are going to create cleaner air.
01:40Removing some roadblocks.
01:44This car make mortgageì •
01:46is heavilyensemble that is huge.
01:49Many residents agree they dealt with the fuel ottomown increase.
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01:53from a gasolina is if NO Lydia is Gabriel.
01:55That's why they don't require it to work.
01:56But click on a gasolina spreadsheet.
01:57You can't run it, I guess.
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