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AustralianElectricVehicleIndustryRecap2023
ELECTRIC
VEHICLEoCOUNCIL
AUSTRALIANELECTRICVEHICLEINDUSTRYRECAP2023
Introduction
TheElectricVehicleCouncilhascompiledanoverviewofthemajorelectricvehicle(EV)momentsfor2023,includingEVmarkethighlights,charginginfrastructureprogress,andpolicyachievements.ThisreportalsoincludeshighlightsofsomeofthekeyactivitiesoftheEVCounciloverthecourseof2023.
Overthecourseof2023,yetagaintheEVmarketinAustraliaexperiencedstronggrowthintermsofbothsalesandmodelavailability.Whilethesesignsarepositive,significantworkremainstoaccelerateadoptiontoalignwithAustralia’sclimatetargets,andtakefurtheractiontoaddressthehighcostoftransportinthiscountrywhichiscontributingtothecurrentcostoflivingchallenges.Activepolicysupporttodecarboniseheavyvehiclesisalsolagging,withmoreworkrequiredin2024.
WiththerecentannouncementbytheFederalGovernmentofitspreferreddesignforaNewVehicleEfficiencyStandard,2024issettobeanexcitingyearahead,withtheopportunityformoreAustraliansoverthecomingyearstohavegreaterchoiceinefficientcarmodels,andslashtheirfuelbills.
Wewelcometheopportunitytocontinueworkingwithgovernments,industryandallAustralianstohelpacceleratetheelectrificationofAustralia’stransportsystem.
2
AUSTRALIANELECTRICVEHICLEINDUSTRYRECAP2023
LightElectricVehicleMarketHighlights
+120%
increaseupfrom3.81%during2022
+180,000
EVsnowon
Australianroads
8.45%
ofallnewcarssoldareEVs
98,436
newEVspurchasedduring2023
NewEVPurchases
NewEVpurchasesinAustraliamorethandoubledin2023,comparedto2022,withthetotalnumberofEVsonAustralianroadsnowexceeding180,000.1ThisgrowthcontinuesthetrendofaroundadoublingofthenewEVmarketeveryyearsince2020.Inlargepart,thisgrowthhasbeendrivenbyincreasinglypositiveactionstakenbymanyAustraliangovernments.ItisalsoaresultoftheAustralianEVindustryworkingwithinthesepolicyparameterstoreducecostsforconsumers,increasemodelavailability,androlloutcharginginfrastructurenationally.
OverthecomingyearsitwillbemoredifficultforthelocalEVmarkettoachievethesamelevelofexponentialgrowth(inpercentageterms),simplyduetothetotalvolumeofsalesnowbeingsolargei.e.98,436newEVssoldin2023.Withcontinuedpolicysupport,theElectricVehicleCouncilisconfidentthemarketcancontinuetogrowat30-50%peryear–inlinewithwhatwillberequiredtosupportthecountry’sclimatetargets,whiledrivingdownfuelbillsforAustralians.
EVsales
inAustralia:2011-2023
BEVPHEV
MarketShare
120,000
110,000
100,000
90,000
80,000
70,000
60,000
50,000
40,000
30,000
20,000
10,000
0
8.5%
●
3.8%
2.1%
0.8%
0.7%
0.0%0.0%0.0%0.1%0.2%0.1%0.2%0.2%··
2011201220132014201520162017201820192020202120222023
BEV:BatteryElectricVehicle;PHEV:Plug-inHybridElectricVehicle
Source:VFACTS,EVCEVSalesDatabase,OEM-providedfigures.
1ThistotalcountrefersonlytolightvehiclesinAustralia.
Consistentwithinternationalliterature,andgroupssuchastheInternationalEnergyAgency,theEVCdefineselectricvehiclesasanyvehiclethatcanbeplugged-intochargedirectlyusingelectricity.Thisincludesbothbatteryelectricvehicles(BEVs)andplug-inhybridelectricvehicles(PHEVs).
3
AUSTRALIANELECTRICVEHICLEINDUSTRYRECAP2023
In2023,theACTcontinued,andindeedextendeditsnationalleadintermsofEVmarketshare,beingthefirstAustralianjurisdictiontopass20%ofallnewvehiclessoldbeingEVs,achieving21.9%bytheendof2023.Thisisagainthankstotheterritorygovernment’sstrongleadershiponEVpolicyovermanyyears.
Lookingmorebroadlyacrossthecountry,everyotherstateandterritoryalsoexperiencedstronggrowthinEVsales.Insecondplace,NSWachieved9.0%,followedbyQueenslandat8.3%,Victoriaat8.0%,TasmaniaandWesternAustraliabothat7.8%,SouthAustraliaat6.8%andtheNorthernTerritoryat3.2%.AlthoughtheNorthernTerritorydoescurrentlytrailotherstatesandterritories,itshouldbenotedthatEVsalesintheNTmorethantripledin2023comparedto2022.TheNTiseffectivelyonlyoneyearbehindthenationalaverage,asignificantaccomplishmentconsideringitsstatusasahighlyremotejurisdictionwithasmallpopulation.ThisunderscorestheimportanceofcontinuedeffortsbytheNTGovernmenttosupportEVadoptionintheterritory.TheEVCalsowanttocongratulatetheQueenslandGovernment’scontinuingleadershiponEVincentives,havingthelargestrebateavailableinthecountry.2
TheElectricVehicleCouncilwillbecarefullymonitoringthedistributionofEVsalesacrossthecountryaftertheNewSouthWales,VictorianandSouthAustraliangovernmentsprematurelyandabruptlywithdrewEVincentivesin2023.InVictoria,thisimpactwillbepartiallyoffsetbytheabolishmentofthatstate’sEVtax,butoverall,thisisaconcerningmovebyseveralgovernmentsatapointwellshortofwheretheEVmarketneedstobetoalignwithourclimatetargets.
TheEVCstronglyencouragesallAustraliangovernmentstoactivelysupportEVuptakeuntilatleast30%EVsalesareachievednationally,afterwhichweexpectincentivescanbephasedoutprogressively.
25%
20%
15%
10%
5%
0
NewEVMarketSharebyState/Territory:
2022vs2023
EVShare2022
EVShare2023
Growth
Source:VFACTS
Note:state/territorymarketshareisanapproximateestimatecalculatedafterremovinganestimateofheavyvehiclesalesineachjurisdictionfromVFACTSdata.
2FormoreinformationonQueensland’sEVrebate,goto:
.au/program/queensland-zero-emission-vehicle-rebate-scheme
4
AUSTRALIANELECTRICVEHICLEINDUSTRYRECAP2023
Australia’sEVFleet
Itisestimatedtherearenowover180,000EVsonAustralianroads3,withover80%ofAustralia’sEVfleetmadeupofBEVs.EVsnowrepresentapproximately1%ofthetotallightvehiclefleetinAustralia.Althoughweareheadingintherightdirection,with99%ofAustralia’slightvehiclefleetstilltobetransitioned,thereisclearlystillmoreworktobedone.
SupportfromallAustraliangovernmentswillbenecessaryforthenationtoachievea100%zero-emissionvehiclefleetby2050–inlinewithournationalandstateclimatetargetsofnetzeroby2050(atthelatest).Whilewestillhavealongroadaheadtoachievethesetargets,itremainspossibleifthetransportsectordoesitsfairshare.Forlightvehicles,achievingthisoutcomewilldependontheAustralianParliamentlegislatingthegovernment’srecommendeddesignforaNewVehicleEfficiencyStandard4.
Australia’sgrowing
EVfleet
TotalEVFleetBEVFleet
PHEVFleet
200,000
180,000
160,000
140,000
120,000
100,000
80,000
60,000
40,000
20,000
0
2011201220132014201520162017201820192020202120222023
Source:VFACTS,EVCEVSalesDatabase,OEM-providedfigures.
TheElectricVehicleCouncilcontinuestoadvocateforAustraliatoaimfor1millionEVstobeonAustralia’sroadsbytheendof2027(approximately5%ofAustralia’spassengerandlightcommercialvehiclefleet).ThiswouldseeAustraliaalsoachievearound30%EVmarketsharebytheendof2027.
ThesetargetswouldputAustraliaonafeasiblepathwaytowardsachievingaround2.5millionEVsby2030(equivalenttoapproximately50-60%ofallnewvehiclespurchasedbeingEVs),whichisacriticalmilestoneonthejourneytowardsa100%zero-emissionvehiclefleetby2050.
Asshowninthefigureonthefollowingpage,althoughweareofftoagoodstart,westillhavesomewaytogotoachievethesetargets.ThisagainhighlightstheongoingneedforstrongandconsistentEVpolicyfromallAustraliangovernments.
3Notaccountingforwritten-offvehiclesduetoaccidents;grey-importsand/orretrofittedvehicles).
4
.au
5
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
Note:thefiguresprovidedabovearenotforecastsbutillustrateafeasiblescenariothatAustraliawillneedtofollowtoprovidethebestpossiblechanceofachievingourclimatetargets,includingNetZeroby2050,throughlowertransportsectoremissions.
EVModelBreakdown
TherangeofEVmodelssoldduring2023alsoexpanded,withatotalof99differentEVmodelsdeliveredtotheAustralianmarket,madeupof56BEVsand43PHEVs(upfrom70EVmodelsin2022,madeupof38BEVsand32PHEVs).
Top20EV
modelssoldin2023
BEVPHEV
TeslaModelYTeslaModel3BYDAtto3
MGMG4
VolvoXC40MGZS
Polestar2
MitsubishiOutlanderMGHSPHEV
KiaEV6
MitsubishiEclipseCrossMercedes-BenzEQA
MazdaCX-60VolvoC40
KiaNiro
HyundaiIoniq5
BMWX1
BYDDolphinCupraBorn
HyundaiKona
Source:VFACTS
050001000015000200002500030000
Approx
EVMarketShare
Thousands
1,000
100%
WheretheEVFleetneedstogointhenext4yearstoalignwithNetZeroby2050
EV
2027EV
FleetTarget
BEV
2027BEV
FleetTarget
PHEV
2027PHEVFleetTarget
ApproxEVSales%
900
90%
800
80%
700
70%
600
60%
500
50%
400
40%
300
30%
200
20%
100
10%
0
0%
6
AUSTRALIANELECTRICVEHICLEINDUSTRYRECAP2023
Theupcomingintroductionofthegovernment’sNewVehicleEfficiencyStandardwillnotonlyhelptofurtherexpandtherangeoffuel-efficient,hybridandEVmodelsavailabletoAustralians,butalsothevolumeofeachmodelsuppliedtothecountry.
WhichEVsareeligiblefortheAustralianGovernment’sEVDiscount?
In2022,theAustralianGovernmentintroduceditsEVDiscountpolicy.TheprimarybenefitofthisdiscountisanexemptionfromFringeBenefitsTax(FBT)forelectricvehicles
purchasedbycompaniesand/orthroughsalarysacrificearrangements.TheintentionofthispolicyistoincreaseEVadoptionbyfleets,whichwillsellthesevehiclesoverthenextfewyearsandcreateastrongsecond-handEVmarketforallAustralianstobenefitfrom.
Thisincentiveisavailabletoanyonewhocansalarysacrificeavehiclethroughtheiremployer,andcompanyfleets.
Asoflate2023,therewereapproximately50EVmodelseligibleforthismajorincentive:
Abarth500e
AlfaRomeoTonalePHEV
BMWi4
BMWiX1
BMWiX2
BMWiX3
BYDAtto3
BYDDolphin
BYDSeal
CupraBorn
CupraFormentorPHEV
CupraLeonPHEV
Fiat500e
FordEscapePHEV
FordMustangMach-E
GWMOra
HyundaiIoniq5
HyundaiIoniq6
HyundaiKonaElectric
KiaE-Niro
KiaEV6
KiaSorentoPHEV
LexusUX300E
MG4
MGHS+PHEV
MGZSEV
MazdaCX-60PHEV
Mercedes-BenzEQA
Mercedes-BenzEQB
MiniCooperSE
MiniCountrymanCooperSEPHEV
MitsubishiEclipseCrossPHEV
MitsubishiOutlanderPHEV
NissanLEAF
Peugeot3008PHEV
Peugeot308PHEV
Peugeot408PHEV
Peugeot508PHEV
Peugeote-2008
Peugeote-Partner
Polestar2
Polestar4
RenaultKangooE-Tech
RenaultMeganeE-Tech
SubaruSolterra
TeslaModel3
TeslaModelY
VolvoC40Recharge
VolvoEX30
VolvoXC40Recharge
Tofindoutmoreaboutmoreaboutthisincentiveprogram,pleasevisit:
.au
andclickontheFBTExemptionGuide.
Pleasenotethatdependingonspecifications,ifthefinalvehicleconfigurationissubjecttoluxurycartaxi.e.exceeds$89,332(beforeon-roadcosts),itwillnotbeeligibleforthisdiscount.
7
AUSTRALIANELECTRICVEHICLEINDUSTRYRECAP2023
WhereareEVsbeingsold?
WhileunderstandingthenumberandtypesofEVsbeingsoldeachyearremainsimportant,increasinglytheEVChasbeenaskedbydifferentstakeholdersaboutthetypesofAustralianspurchasingEVsandwhereEVsarebeingsold.
Overviewof2023BYDandTeslaEVsalesbypostcode.Source:BYDandTesla.
TheElectricVehicleCouncilhaspartneredwithTheUniversityofSydneytolaunchanEVownershipsurveyinFebruary2024,fromwhichweaimtoprovideanupdatedsnapshotofAustraliansowningEVs,andhowtheyareusingthem.Insightsfromthissurveywillbesharedlaterin2024.
Aspartofthis2023recap,weareexcitedtobeabletoprovideinsightintowhereasignificantproportionofnewEVsweresoldlastyear.Thisisthankstodataprovidedbyourmembers,BYDandTesla,whichcombinedmadeupapproximatelytwo-thirdsofallnewEVssoldin2023.
Asshownonthemap,newEVsweresoldrightacrossAustraliain2023.Thisincludedmanyoutermetropolitan,regionalandruralpartsofthecountry.It’simportanttonotethatthisfigureonlyincludesbatteryelectricvehicles(BEVs)–sinceTeslaandBYDdonotcurrentlysellplug-inhybridelectricvehicles(PHEVs)inAustralia.
Toprovidegreaterinsightintothisdistributionofsalesacrossthecountry,wehavecalculatedthatapproximately43%ofnewEVssoldwereinOuterMetropolitanAreas,39%wereinInnerMetropolitanAreas,andtheremaining18%wereinregionalandruralareas.
It’sencouragingtoseeawiderangeofAustralians,fromacrossthecountry,beingabletogainthebenefitsofowninganEV,althoughwerecognisethereisstillmoreworktobedonetosupportallcommunitiesinmakingtheswitchoverthecomingdecades.ThisincludesworkingwithourmembersandAustraliangovernmentstocontinuesupportingthebuildoutofanever-expandingnationalnetworkofpublicfastchargers,drivingdowncosts,andincreasingthenumberofEVmodels,ofallshapesandsizes,tomeetdifferenthouseholdandbusinessrequirements.
Infuturereportswewillcontinuetoexpandonthedatawepublish,withtheaimofbothidentifyingwhereEVuptakeisontrack,andotherareaswherefurthersupportand/oractionisneeded.TheElectricVehicleCouncilalsocontinuestoexploreopportunitiestopublishsalesdataonothervehiclesegmentsincludingelectricbusesandtrucks.Whilethesesegmentscontinuetogrow,Australiadoesnotcurrentlyhaveapubliclyavailabledatabaseofvehiclesales.
8
AUSTRALIANELECTRICVEHICLEINDUSTRYRECAP2023
IsdemandreallyslowingforEVsintheUnitedStates?
InrecentmonthstherehasbeenasteadystreamofclaimsmadeaboutaslowdowninEVsalesintheUnitedStates,andmorebroadlyacrosstheglobe.WhileourreportsprimarilyfocusondevelopmentsintheAustralianEVmarket,giventhebreadthofmisinformationbeingspreadonthisissue,herewehaveincludedabriefoverviewofhowtheUSEVmarketactuallyperformedin2023.
Contrarytowhatsomehaveclaimed,theUSEVmarkethascontinuedtogrowsignificantly,witharecord1.4millionEVssoldin2023.5That’smorethanthetotalnumberofallnewvehiclessoldinAustraliain2023.Asshownbelow,theUSEVmarkethasgrownsignificantlybetween2021and2023,bothintermsofvolumeofsales,andEVmarketshare.
USEVMarketShare
2020to2023:
BEVPHEV
MarketShare
1600000
1400000
1200000
1000000
800000
600000
400000
200000
0
2020202120222023
Sources:ArgonneNationalLaboratory/USDepartmentofEnergy.
l0.00%
9.00%
8.00%
7.00%
6.00%
5.00%
4.00%
3.00%
2.00%
l.00%
0.00%
Naturally,asthetotalnumberofEVssoldcontinuestobecomeeverlarger,whetheritbeintheUS,Australiaorglobally,achievingthesamesignificantlevelsofannualgrowthbecomesincreasinglydifficulttoachieve.
Let’stakealookatanexample.In2022,321,000extraBEVsweresoldintheUScomparedto2021.Thisrepresented66%annualgrowth.6Fast-forwardto2023,thetotalincreaseinBEVsaleswasevengreater,with376,000extraBEVssoldcomparedto2022.DespitegrowthinthetotalnumberofBEVsales,inpercentageterms,theannualgrowthratewaslowerfor2023at46%.This‘lower’growthratehasmisleadinglybeenreportedasa‘slow-down’inEVsales.
Inmostcircumstances,46%annualgrowthwouldbeseenasamonumentalachievement.However,againstthebackdropoftheUSundergoingareviewofitsnewvehicleefficiencystandardsfor2027to2032,vestedinterestsaretryingtospreadafalsenarrativethatEVsalesaredeclining.AsoutlinedbythesalesfigurespublishedbytheUSDepartmentofEnergy,thatcouldnotbefurtherfromthetruth.
SinceglobalEVsalesfiguresarestillbeingfinalisedweareunabletopublishasummaryinthisreport.BloombergNewEnergyFinanceestimatesthatover14millionEVsweresoldgloballyin2023.7Thisisanotherrecord-breakingyearfortheEVmarket,up36%comparedto2022.TheEVCaimstoincludeanoverviewofglobalEVsalesfor2023inourmid-yearStateofEVsreport.
5
/esia/light-duty-electric-drive-vehicles-monthly-sales-updates
6
/wp-content/uploads/2023/01/Kelley-Blue-Book-EV-Sales-and-Data-Report-for-Q4-2022.pdf
7
/news/articles/2023-12-05/reports-of-an-electric-vehicle-slowdown-h
ave-been-greatly-exaggerated
9
AUSTRALIANELECTRICVEHICLEINDUSTRYRECAP2023
ChargingInfrastructureHighlights
Typesofhigh
powercharging:
+348
locationsinAustraliaoverthepastyear
583
fastchargerlocations
229
ultra-fastchargerlocations
75%increasefrom2022
24–99kWDC
FASTCHARGING
100kW+DC
ULTRA-FASTCHARGING
*Excludesregularpublicchargingunder24kW
WiththeEVfleetmorethandoublinginsizeduring2023,AustraliaalsosawanincreaseinthenumberofpublicDCcharginglocationsfromabout464attheendof2022,toabout812attheendof2023.
Ofthe348DCcharginglocationscommissionedin2023,about130areofferingultrafastcharging,supportingvehiclechargingat100kWorabove.Thedeploymentofultrafastcharginglocationsiscurrentlymovingslightlyquickerthantherapidgrowthinvehiclenumbers,whichisgoodtosee.
FASTANDULTRA-FASTPUBLICCHARGINGLOCATIONSOVERTIME
FastUltra-fast
700
600
500
400
300
200
100
0
Jun22Dec22Jun23Dec23
*TheElectricVehicleCouncilhasmadereasonableeffortstocleansedatafrommultiplesourcestoprovideareasonablyaccuratesnapshotofthecurrentstateofplay,buthasnotindependentlyverifiedeverylocation.
10
Notably,somestatesandterritorieshaveoutpacedothersintermsoftheincreaseincharginglocationsoverthepast12months.It’simportanttoacknowledgethatmanyofthesecharginglocationshousemultiplechargingbaysorpoints,allowingseveralEVstochargesimultaneouslyandincreasingthecapacityofthenetworkfarbeyondthenumberoflocationsalone:
•NewSouthWales(NSW)ledthewaywiththemostsignificantabsolute
increaseinbothfastandultrafastcharginglocations,adding52fastchargingand28ultrafastcharginglocations.
•Queensland(QLD)followedclosely,withsubstantialgrowth,adding43fastand10ultrafastcharginglocations.
•Victoria(VIC)alsosawaconsiderableincrease,withtheadditionof88fastchargingstationsand22ultrafastlocationsin2023.
•SouthAustralia(SA)hasrapidlyincreaseditsultrafastcharginginfrastructurewith34newultrafastcharginglocations.
•WesternAustralia(WA)expandeditschargingfacilitieswith8newfastchargingand32newultrafastcharginglocations.
StateFastUltrafastTotal
PublicEVcharging
locationsby
state,type,andnumbers:
•NorthernTerritory(NT),fromasmallerbase,tripleditsfastchargingcapacitytosupportagrowingnumberofEVownersintheTerritory.
ACT
8
4
12
NSW
164
65
229
NT
6
0
6
QLD
125
26
151
SA
42
43
85
TAS
38
5
43
VIC
160
47
205
WA
40
39
79
Total583229812
*TheElectricVehicleCouncilhasmadereasonableeffortstocleansedatafrommultiplesourcestoprovideareasonablyaccuratesnapshotofthecurrentstateofplay,buthasnotindependentlyverifiedeverylocation.
11
AUSTRALIANELECTRICVEHICLEINDUSTRYRECAP2023
PolicyHighlights
WhiletheAustralianEVmarketstillhasalongwaytogotoalignEVadoptionwithourclimatetargets,thenationisstartingtoheadintherightdirection.ThisisinlargepartthankstotheactionsofAustralianfederal,stateandterritorygovernments,allofwhicharenowactivelysupportingtheadoptionofelectricvehicles,andrecognisethecriticalrolethistechnologyhastoplayinachievingemissionreductiontargets.
InthefollowingsectionofthisreportwecelebratesomeofthemajorEVpolicyhighlightsacrossAustraliangovernmentsduring2023.
12
AUSTRALIANELECTRICVEHICLEINDUSTRYRECAP2023
Federal
On19April2023,theAustralianFederalGovernmentreleaseditsfirst
NationalElectric
VehicleStrategy,
designedasaroadmapwiththegoalofincreasingtheuptakeofelectricvehiclesacrossAustralia.ThestrategyinvolvescollaborationbetweenthestateandterritorygovernmentsandtheAustralianGovernmentinsixkeyareas,includingnationalstandards,datasharing,EVaffordability,developmentofremote
andregionalEVcharginginfrastructure,fleetprocurement,andeducationandawareness.
NationalEV
Strategy
Consultation
onIntroduction
ofNewVehicle
Efficiency
Standard
AspartoftheNationalEVStrategy,thegovernmentconfirmeditsintentiontointroduceaNewVehicle
EfficiencyStandard
forlightvehiclesinAustralia.ThisstandardaimstoreducetheaverageCO2emissionsacrossallcarssoldinAustraliabyeachmanufacturer,incentivisingthesupplyofmorefuel-efficientpetrolanddieselvehicles,aswellashybridandelectricvehicles.ThedetailsoftheStandardaretobefinalisedin2024.
NationalEV
Charging
Network–
Drivingthe
Nation
On26April2023,theMinisterforClimateChangeandEnergy
announced
fundingof$39.3million,matchedbytheNRMA,tosignificantlyexpandAustralia’selectricvehiclechargingnetworkthroughtheinstallationof117fastEVchargingsitesonnationalhighwaysacrossthecountry.Thisinitiativeisaimedatenhancingcharginginfrastructureinruralandregionalareas,helpingtoclosethegapsandknownblackspotsinAustralia’sfastchargingnetwork.
NationalNet
ZeroEconomy
Authority
Establishedon1July2023,the
NetZeroEconomyAgency
(NZEA)isresponsibleforpromotingorderlyandpositiveeconomictransformationacrossAustraliaastheworlddecarbonises,toensureAustralia,itsregionsandworkersrealiseandsharethebenefitsofthenetzeroeconomy.TheworkoftheNetZeroEconomyAgencyisaprecursortotheestablishmentofalegislatedNetZeroEconomyAuthority.WorkisongoingtodesignandstanduptheAuthorityinaccordancewithestablishedParliamentaryprocesses.TheNZEAisengagingwithavarietyofstakeholderstosupportapositivetransitiontoanetzeroeconomy,includingFirstNationsgroups;educationandtraininggroups;industry;investors;regionalbodiesandcommunities;state,territoryandlocalgovernments;andunions.
National
Reconstruction
Fund
The
NationalReconstructionFund
(NRF)isasignificant$15billionAustralianGovernmentinitiativeaimedattransforminganddiversifyingAustralia’sindustryandeconomy.TheNRFaimstosupportprojectsthatdiversifyandtransformAustralia’seconomy,creatingjobs,boostingregionaldevelopment,andenhancingsovereigncapabilities,includinginthegovernmentidentifiedrenewablesandlowemissiontechnologiesandtransportpriorityareas.
CollectiveNationalEfforts
FollowingthereleaseoftheNationalEVStrategy,governmentsarecoordinatingeffortsthroughtheNationalElectricVehicleActionPlanImplementationGrouptoprogresskeyactionsintheareasofnationalstandards,ruralandregionalcharginginfrastructure,datasharing,educationandawareness.
GovernmentsacrossthecountryareworkingaspartofanEVFleetinter-jurisdictionalgroup,chairedbyNSW,apracticalandsolutionsfocusedgroupwhichallowsfleetmanagerstoshareknowledgeandexperiences.
Inter-jurisdictionalEVFleetWorkingGroup
NationalEVStrategy
13
AUSTRALIANELECTRICVEHICLEINDUSTRYRECAP2023
ACT
ACT
Infrastructure
toSupport
Transition
toElectricBus
Fleet
TheACTGovernmentis
undertaking
criticalinfrastructureworkstosupplytheWodenandTuggeranongbusdepotswiththeenergyneededtohouseandchargeupto300batteryelectricbuses.This$26.3millioninvestmentove
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