Australia’s big opportunity to transition to EVs

Australia has a big opportunity to transition to EVs.

Globally, around 25% of new cars sold in 2025 were electric. In Australia, EVs were still less than 15% of new car sales in March 2026, barely up from 13% the year before. Most cars rolling off Australian lots still run on petrol or diesel, and they could be on the road for the next 15 to 20 years.

This piece in The Guardian by Adam Morton looks at why Australia has been slow off the mark and what is finally starting to shift. Tightening fuel-efficiency standards, an emerging secondhand EV market, and a closing price gap are all moving the dial.

The standout, though, is the running-cost case. Using data from our portfolio company Amber Electric, energy analyst Simon Holmes à Court has built a tool that compares the cost of running an average petrol car with an average EV. Over the past month:

– An average EV travelled more than 40km on $1 of energy
– An average petrol or diesel car travelled less than 5km on the same dollar
– Amber’s own smart-charging customers went further still, about 160km per $1

That is the kind of evidence that turns abstract climate policy into a household decision. Software like Amber’s is doing the quiet work of making the energy transition real, especially while fuel prices remain elevated globally.

Read Adam’s piece HERE.