Motor Torque with David Berthon

February car sales slow as consumer demand remains subdued


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New vehicle sales figures released this week for February show an overall
drop in sales of 9.6 per cent compared to the same month last year. Of
importance, was the drop in battery electric EV sales - the Federal Chamber
of Automotive Industries has now voiced concern at the slow rate of EV
sales given there are now 88 models ON the Australian market. Chief
Executive Tony Weber said this week “we are now two months into the
Governments New Vehicle Efficiency Standard or NVES and consumer
demand for EVs has fallen by 37 percent. Our grave concern has always
been the rate of EV adoption and what assumptions the Government made
in its modelling around consumer demand for EV’s in the NVES – without
consumers demanding EVs the NVES will not succeed. This modelling
remains secret.” He added “it’s time for the Government to consider the
realities faced by consumers.”. I’m David Berthon

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