EV sales plummet after clean car scheme scrapped
EV sales plummet after clean car scheme scrapped
Drive Electric chair Kirsten Corson says sales levels are "exceptionally unlikely" to return to 2023 levels by the end of the year.
I can't imagine why increasing the price of something by $7000 would suppress demand for it
Nobody in this government understands economics apparently.
Oh I'm pretty sure they do. The intended outcome was achieved
I would imagine that people in the market for an EV would have bought it already last december, before the funding was cancelled.
My thoughts too. From memory sales of double cab utes also surged immediately before and plummeted immediately after the prices went up as expected due to their high emissions.
I had a BEV on the budget for late this year (move banks to get a low-interest loan + some savings once the mortgage comes off fixed), isn't practical with the price increase, so will back burner that plan for a couple of years and hope prices drop a bit
We had planned a new vehicle late this year, changing the price by $7k makes a huge difference to the calculations.
Every time there is a government incentive, the car prices go up. So the discount just goes into the dealer's pocket.
That certainly wasn't true in this case. The incentive was capped so car manufacturers made sure their cars were priced under the cap.