Battery-powered electric vehicle sales plunge by 25% as Australian drivers choose hybrid models

Australian Automobile Association analysis notes hybrids are exempt from fringe benefits tax until 1 April 2025, which can save consumers thousands of dollars

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Battery-powered electric vehicle sales fell sharply last quarter and may have peaked as consumers increasingly turn to hybrid models that attract tax concessions, according to new analysis.

Quarterly vehicle sales data released by the Australian Automobile Association (AAA) on Monday reveals petrol-powered cars continued to decline in popularity, with sales falling by 9.16% in the three months to 30 September.

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