The Electric Car Market Heats Up

Secondhand cars listed for tens of thousands more dollars than new cars. Batches of vehicles selling out in minutes. Monthslong wait times.

Welcome to Australia’s electric vehicle market.

“With the fuel prices, everything’s gone crazy,” said William McVicar, a retiree in Brisbane. He and his wife started thinking about buying an electric vehicle last year but put it on the back burner, thinking they would have plenty of time to get around to it.

“We realized we made a terrible mistake. We should have done it then,” he said. Now, everyone they know is talking about getting one, wait lists for new cars have shot up and waiting times have blown out by months. READ MORE