
EV Prices Soaring, Petrol Plummeting
Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
High petrol prices are driving Australians to the used car market for electric vehicles, causing a significant shift in the market. Data shows used EV prices rising while petrol and diesel cars drop. Top EVs like the Tesla Model three Y and Model three have seen price increases, while petrol cars like the Mahindra XUV three zero and Haval petrol H six GT have experienced significant drops. This trend mirrors the demand shift seen during COVID when used car prices spiked due to people ditching public transport. With supply tightening, EVs are becoming increasingly popular as fuel pain persists.
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