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Electric Vehicles

2 Minute Read

There is no doubt that the wave of electric vehicles is well and truly underway. As the numbers of electric vehicles in our community increases, the need for electric vehicle (EV) charging stations will naturally flow into the strata space.

The global EV market is growing rapidly with about 2.2 million passenger plug-in electric vehicles sold around the world in 2019. In Australia, electric vehicles are forecast to reach upfront price parity with traditional combustion engine vehicles from 2024. In addition to reducing carbon emissions, electric vehicles present a significant opportunity for motorists to reduce their yearly car operating costs.

Today, the average driver can save about $1,300 per year on fuel costs by switching to an electric vehicle, as well as saving about $300 on annual maintenance costs.

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