FLEETDRIVE
Government incentives play a pivotal role in shaping the automotive market . In Australia , various states offer incentives to promote EV sales . For example , Victoria has waived its luxury car tax on Electric vehicles , while Queensland has implemented reduced stamp duty for EVs . Tasmania goes a step further by waiving stamp duty on both new and used EVs . The FBT exemption for EV ’ s has increased the allure to prospective buyers . These incentives not only reduce the upfront cost for consumers but also contribute to a more sustainable and eco-friendly transportation ecosystem .
To further instil confidence in consumers considering second-hand EVs , there is a rising emphasis on the requirement for EV battery health checks . This practice aims to assess and assure buyers of the battery ’ s condition , addressing concerns related to longevity and performance . Such measures are crucial in fostering trust and accelerating the adoption of EVs in the used car market .
Analysing the used car markets in the UK and Europe provides valuable insights into global automotive trends . Observations from these regions can offer a comparative perspective on pricing , consumer behaviour , and the impact of regulatory measures .
While ICE used car pricing is expected to stabilize , the pricing of used EVs could be more volatile . This reflects the evolving nature of the EV market , influenced by technological advancements , battery developments , and shifts in consumer perceptions .
In conclusion , the Australian automotive market is undergoing a transformative phase marked by increased diversity , growing EV adoption , and government-driven initiatives . As consumer preferences continue to evolve , industry players must adapt to these changes to remain competitive in this dynamic landscape .
Autorola Australia continues its commitment to achieving the highest net return on remarketing fleet assets by adopting its lean process of advanced remarketing and adapting to these market conditions .
ISSUE 44 DECEMBER 2023 / WWW . AFMA . ORG . AU 19