February car sales slow as consumer demand remains subdued
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 considNew 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 Berthoner the realities faced by consumers.” I’m David Berthon
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