Market Research Report
Australia Electric Car Market 2019-2025
|Australia Electric Car Market 2019-2025|
Published: April 3, 2020
Orion Market Research Pvt Ltd
Delivery time: 2-3 business days
Australia Electric Car Market Size, Share & Trends Analysis Report by Vehicle Type (Hatchback, Sedan, and SUV), By Propulsion Technology (Battery Electric Car and Plug-in Hybrid Electric Car), By Battery Type (NiMH, Li-ion, and Others), and Forecast 2019-2025
Australia electric car market is projected to show an exponential growth rate during the forecast period. The electric car market is at a preliminary stage in the country and very few car models are available in the market which includes Tesla Model S, 3, and X, Hyundai Kona, Nissan Leaf, and Jaguar I-Pace. Moreover, the electric car share in the automobile market is less than 1% each year which is very low as compared to developed economies all across the globe including Germany, UK, Norway, Japan, and others. Due to the small market size, car sales in the country have almost doubled to around 5,000 in 2019. One of the major restraints to market growth is the lack of any major subsidy on the electric vehicle in the country.
Australia electric car market is studied based on vehicle type, propulsion technology, and battery type. On the basis of vehicle type, the market is segmented into hatchback, sedan, and SUV. Sedan is expected to have a significant market share due to the presence of Tesla Model 3 in the country, which is further expected to increase in the near future. By propulsion technology, the market is further segmented into battery-electric cars and plug-in hybrid electric cars. The battery-electric car market is expected to show considerable growth in the country. By battery type, the market is further sub-segmented into NiMH, Li-Ion, and others. Li-ion batteries vehicle is expected to cover a major market share in the near future.
Major players offering electric cars in the market include Tesla, Inc., BMW AG, Hyundai Motor Co., Jaguar Land Rover Ltd., Mitsubishi Motors Corp., Nissan Motor Co. Moreover, various companies are going to introduce their EV model in the country which includes SAIC owned MG Hector, Mini Cooper, Mercedes, Polestar, Porsche and so on. The market players are considerably contributing to the market growth by adopting various growth strategies including new product launch, merger and acquisition, collaborations with government, and technological advancements to stay competitive in the market.
The market study is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts to brings authenticity to the reports.
Secondary Sources Include:
The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.
The Report Covers: