Rising petrol uncertainty accelerates EV uptake across Australia with record insurance demand growth
NRMA Insurance data shows a 121% increase in EV insurance quote requests in April 2026 compared to the same month last year. EVs made up a record 14.6% of new vehicle sales in March 2026, nearly double the 7.5% recorded the year prior.
Australia's transition to electric vehicles is accelerating, with NRMA Insurance reporting a 121% increase in EV insurance quote requests in April 2026 compared to the same month last year. The growth is driven by fluctuating petrol costs and supply pressures. The used EV market is also gaining momentum, with a 126% surge in second-hand EV sales in March. EVs now make up 14.6% of new vehicle sales, up from 7.5% the year prior. NRMA Insurance head of automotive research Shawn Ticehurst attributes the growth to increasing consumer confidence and improving infrastructure. Tesla remains dominant in the insured EV space, while brands like BYD, MG, Hyundai, and BMW are recording strong growth.
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