SYDNEY — Australia is bucking the global trend of sharply increased demand for electric vehicles, with lackluster sales of Teslas and other models despite the country’s important role in the global supply chain.
Just 7,000 electric vehicles were sold in the country in 2020, an increase of about 250, or under 4% over the previous year, according to figures from the country’s Electric Vehicle Council, which represents the industry. That compares with a 43% surge in electric vehicle (sales globally to 3.2 million even as overall car sales slid by a fifth.
EVs make up 4.2%, or 134,400, of all cars sold worldwide. In Australia, they account for a mere 0.7% of the 1 million cars sold annually, making it one of the slowest adopters of clean automobile technology. Read more….
Chart of the Day
In this lively presentation Jeff Bezos, Founder and CEO of Amazon.com discusses many of the technological advances that have enabled Amazon.com to be the “earth’s most customer centric company”.