iTWire TV 160x1200notfunny

iTWire TV 160x1200notfunny

iTWire TV 705x108notfunny

Wednesday, 17 April 2024 09:21

Hybrid vehicles overtake battery EVs in Australia in 1Q24 Featured

By
Hybrid vehicles overtake battery EVs in Australia in 1Q24 Image by 政徳 吉田 from Pixabay

The take-up of electric vehicles in Australia is proceeding apace, with hybrids gaining the edge as the market share of vehicles running internal combustion engines continues to fall, the Australian Automobile Association says.

In its update for the first three months of 2024, the organisation said in a statement 292,860 vehicles had been sold in all, with battery electric vehicles accounting for 25,468, while hybrid models sold 35,003 units.

The AAA said the figures showed:

  • Internal combustion engine vehicles sales fell by 8.03% and their market share dropped to 78.18%, going below 80% for the first time;
  • Battery electric vehicle sales continued to grow strongly, reaching 8.70% market share, but were outsold by hybrids, which recorded record sales volume and market share (11.95%); and
  • Plug-in hybrid vehicles and hydrogen fuel cell electric vehicles still had very small market shares. Together, internal combustion engine vehicles, battery electric vehicles and hybrids accounted for 98.7% of the total sales in the quarter.

It said: "Sales figures over the last five quarters confirm a clear trend of growth for BEVs and hybrids and a gradually shrinking market share for ICEs. But there have also been significant quarterly fluctuations in the past 15 months.

ev sales 2023

"Over that period, BEV market share rose from 6.77% to 8.70% and total BEV sales rose from 17,396 to 25,468. The strongest quarters for total BEV sales and markets share were Q2 2023 and Q1 2024.

"In the first half of 2023, BEVs outsold hybrids, but since then hybrids have outsold BEVs in three consecutive quarters, accounting for 11.95% of all light vehicle sales (rising from 9.46% in Q4 2023 and up from 6.26% in Q1 last year).

"Hybrid sales volume rose by 117% in the 12 months from the end of 31 March 2023 to 31 March 2024."

Read 4119 times

Please join our community here and become a VIP.

Subscribe to ITWIRE UPDATE Newsletter here
JOIN our iTWireTV our YouTube Community here
BACK TO LATEST NEWS here




EXL AI IN ACTION VIRTUAL EVENT 20 MARCH 2025

Industry leaders are looking to transform their businesses and achieve measurable outcomes with AI.

As organisations across APAC navigate the complexities of AI adoption, this must-attend event brings together industry leaders, real-world demonstrations, and visionary panel discussions to bridge the gap between proof-of-concepts and enterprise-wide AI implementation.

Learn how to overcome common challenges in deploying AI at scale.​

Unlock cost savings, efficiency, and better customer experiences with AI.

Discover how industry expertise and data intelligence enable practical AI deployment.

Register for the event now!

REGISTER!

PROMOTE YOUR WEBINAR ON ITWIRE

It's all about Webinars.

Marketing budgets are now focused on Webinars combined with Lead Generation.

If you wish to promote a Webinar we recommend at least a 3 to 4 week campaign prior to your event.

The iTWire campaign will include extensive adverts on our News Site itwire.com and prominent Newsletter promotion https://itwire.com/itwire-update.html and Promotional News & Editorial. Plus a video interview of the key speaker on iTWire TV https://www.youtube.com/c/iTWireTV/videos which will be used in Promotional Posts on the iTWire Home Page.

Now we are coming out of Lockdown iTWire will be focussed to assisting with your webinars and campaigns and assistance via part payments and extended terms, a Webinar Business Booster Pack and other supportive programs. We can also create your adverts and written content plus coordinate your video interview.

We look forward to discussing your campaign goals with you. Please click the button below.

MORE INFO HERE!

BACK TO HOME PAGE
Sam Varghese

Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

Share News tips for the iTWire Journalists? Your tip will be anonymous

Subscribe to Newsletter

*  Enter the security code shown: img0

WEBINARS & EVENTS

CYBERSECURITY

PEOPLE MOVES

GUEST ARTICLES

Guest Opinion

ITWIRETV & INTERVIEWS

RESEARCH & CASE STUDIES

Channel News

Comments