Part 3/9:
Turning attention to Australia, the electric vehicle transition appears to be faltering. Sales data shows a mere 4.9% of new vehicle sales were EVs in March 2025, down from 9.5% a year earlier. With a strong increase in plug-in hybrid vehicles (PHEVs), particularly before the removal of a crucial tax exemption, the real interest from consumers seems to favor hybrids over full electric vehicles.