Electric car sales up 120% on last year, says Electric Vehicle Council

By Sara Borman · · 2 min read
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person charging an electric car in carpark as EVs gain popularity in australia

The newly released State of Electric Vehicles Report for July 2023 is promising for EV enthusiasts, showing electric cars as making up 8.4% of new car sales so far in 2023, up 120% compared to 2022.

As of the end of June 2023, sales for EVs had hit 46,624, which is more than 3 times as many were purchased in the same period last year.

There are now 91 models of electric cars, vans, and utes available in Australia – up from 70 last year and only 31 in 2021. While electric vehicle options are expanding, the majority of new EV purchases (68%) are made up of 3 models (and 2 by Tesla): the Tesla Model Y, the Tesla Model 3, and the BYD Atto 3. 

The ACT still leads Australia in green car uptake, with electric vehicles comprising 21.8% of new cars purchased. This is helped by their leading amount of subsidies, but growing government schemes and lower rate green car loans could make electric cars more affordable nation-wide.

Concerns around electric vehicle infrastructure remain, with rising electricity prices being a major concern in Australia. Similarly, concerns remain around the number of public charging stations. There has been a 57% increase in ultra-fast charging stations, but these remain mostly clustered around high density metropolitan areas.

While electric vehicles do generally have a higher price barrier to entry than petrol or diesel powered vehicles, they are an important step in moving towards net zero carbon emissions. Electric cars could save you money, with the cost of an EV estimated at roughly $5,000 less than a comparable combustion engine car over a 5 year span.

If you’re interested in making the switch to an electric car, you can start comparing below or take a look at Mozo’s best car loans.

Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can search our database of 91 car loans using the filters.
Last updated 5 December 2025 Important disclosures and comparison rate warning*

Car loan comparisons on Mozo

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    Based on $30,000 over 5 years
    Monthly repayment
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    Based on $30,000 over 5 years
    Monthly repayment
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    Low variable car loan rate for purchasing new and demo vehicles from dealers. Personalised loan amounts between $5,000 and $150,000. Flexible repayment options. Choose between the 3 to 7 year loan terms. Good credit history. Stable employment history and Australian citizenship or PR required.

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    Based on $30,000 over 5 years
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    21.78 % p.a.
    Based on $30,000 over 5 years
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    $608
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    Interest rate from
    5.66 % p.a.
    to
    23.03 % p.a.
    Comparison rate from
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    to
    24.98 % p.a.
    Based on $30,000 over 5 years
    Monthly repayment
    $605
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    Based on $30,000 over 5 years
    Monthly repayment
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    Based on $30,000 over 5 years
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    • up to 4 years old, Fixed, Secured
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    Comparison rate from
    6.34 % p.a.
    Based on $30,000 over 5 years
    Monthly repayment
    $608
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    Fast online conditional approval. No monthly account fee. Unrestricted additional repayments. No penalty for early payout, and a fast application process. Borrow up to $125,000. Apply online in under 10 minutes.

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* WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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