Chinese autos move up ranks in Australia
Chinese carmakers have become the largest suppliers of new vehicles in Australia, with over 22,000 units sold in February. The growing demand for electric vehicles is driven by rising fuel costs due to supply disruptions caused by the ongoing conflict in the Middle East.
Chinese carmakers are gaining ground in Australia's auto sector. In February, they sold over 22,000 units, surpassing Japan's long-standing dominance. The Australian Automotive Dealer Association reports that the share of battery electric vehicles accounts for over 11% of total monthly sales. The auto sector plays a significant role in the Australian economy, contributing A$21.5 billion in economic activity and employing over 64,000 people. Chinese brands like Chery, GWM, and BYD are seeing considerable gains. The Electric Vehicle Council is calling on authorities to continue an electric car discount policy to encourage motorists to adopt EV technology.
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