FCAI VFACTS report February 2025

The Federal Chamber of Automotive Industries (FCAI) has released new vehicles sales data for the month of February from its VFACTS report.

FCAI Chief Executive Tony Weber said, ‘We are now two months into the Government’s New Vehicle Efficiency Standard (NVES), and while the supply of battery electric vehicles has risen dramatically, consumer demand has fallen by 37 per cent this year compared with the first two months of 2024.

“We knew the supply of EVs would increase and there are now 88 models supplied to the Australian market.  However, our grave concern has always been the rate of EV adoption and what assumptions the Government had made in its modelling around consumer demand for EVs in the NVES. This modelling remains secret. The easy part is to set aspirational targets but without consumers demanding EVs, the NVES will not succeed.  It is time for the Government to consider the realities faced by consumers.”