• February car sales slow as consumer demand remains subdued

  • Mar 10 2025
  • Length: 1 min
  • Podcast

February car sales slow as consumer demand remains subdued

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  • Summary

  • 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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