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In the first half of 2021, electric vehicles were sold in Australia. Despite the global coronavirus pandemic, electric vehicle sales had been surprisingly resilient amidst new vehicle sales in general. Australia was among the leading Asia-Pacific countries with a high adoption rate of electric vehicles, valuing to almost percent in 2021.

The electric vehicle market of Australia

Across the Asia-Pacific region, the revenue of the electric vehicle market of Australia had ranked fourth in 2021, with a value of above *** million U.S. dollars. It was also predicted that in the same year the revenue of Automotive Electrical Component Manufacturing in Australia will amount to approximately ****billion Australian dollars. The revenue of Automotive Electrical Component Manufacturing was forecasted to grow constantly over the coming years.

Worldwide growth of battery electric vehicles

Globally in 2021, the best-selling battery electric vehicle manufacturer was Tesla. It had sold ** battery electric vehicle worldwide. With an increase in the sale of battery electric vehicles worldwide, it was estimated in 2021 that the electric vehicle battery re-use and recycling market will rise above billion U.S. dollars by 2026.