As Australia grapples with a severe fuel crisis, a growing number of motorists are turning to electric vehicles (EVs) as a more reliable and cost-effective option. Used EV prices are on the rise, with many Australians now questioning the value of holding onto their combustion engine vehicles. With petrol prices soaring and electric charging costs plummeting, the economics of EV ownership are becoming increasingly appealing. Meanwhile, the Australian government is under pressure to incentivize the adoption of EVs and alleviate the strain on the nation's fuel supply.
‘Doesn’t make sense to hold onto a combustion engine’: used EV prices rise as Australia’s fuel crisis hits The Guardian