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The Electric Vehicle Wholesaling industry has grown rapidly over the past few years. An expansion in charging station numbers and accessibility has supported demand as more electric vehicle (EV) models have entered the market. EV uptake has increased from 2022-23, when the government boosted funding for EVs and EV infrastructure. Federal and state governments have incentivised consumers to purchase low- and zero-emission vehicles, which boosted this industry’s revenue through the end of 2023-24. However, EVs are still unaffordable for many consumers due to their high price, limiting demand. Cost-of-living pressures have further constrained consumers’ willingness to purchase EVs. Moreover, delays in enacting fuel efficiency standards and global microchip supply issues have restricted EV sales, causing Australia to lag behind the global average. Overall, industry revenue is expected to rise at an annualised 48.9% over the five years through 2024-25, to $5.4 billion. This result includes an anticipated dip of 20.3% in 2024-25.
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IBISWorld's research coverage on the Electric Vehicle Wholesaling industry in Australia includes market sizing, forecasting, data and analysis from 2014-2029. The most recent publication was released October 2024.
The Electric Vehicle Wholesaling industry in Australia operates under the ANZSIC industry code OD5742. The Electric Vehicle Wholesaling industry is primarily involved in the distribution of electric passenger vehicles. These include battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs). This industry does not include hybrid vehicles (HEVs) that use electric motors and internal combustion engines (ICE) since batteries in these vehicles cannot be charged by plugging into a recharging station. Related terms covered in the Electric Vehicle Wholesaling industry in Australia include sport utility vehicle (suv), battery electric vehicle (bev) and plug-in hybrid electric vehicle (phev).
Products and services covered in Electric Vehicle Wholesaling industry in Australia include Battery electric vehicles - passenger, Battery electric vehicle - SUV and Plug-in hybrid electric vehicle - SUV.
Companies covered in the Electric Vehicle Wholesaling industry in Australia include Tesla Australia, BYD Automotive and Volvo.
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Electric Vehicle Wholesaling industry in Australia.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Electric Vehicle Wholesaling industry in Australia.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Electric Vehicle Wholesaling industry in Australia.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Electric Vehicle Wholesaling industry in Australia. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
The Companies chapter covers Key Takeaways, Market Share and Companies in the Electric Vehicle Wholesaling industry in Australia. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Electric Vehicle Wholesaling industry in Australia. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Electric Vehicle Wholesaling industry in Australia. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Electric Vehicle Wholesaling industry in Australia.
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The market size of the Electric Vehicle Wholesaling industry in Australia is $5.4bn in 2026.
There are 61 businesses in the Electric Vehicle Wholesaling industry in Australia, which has grown at a CAGR of 19.5 % between 2019 and 2024.
The Electric Vehicle Wholesaling industry in Australia is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
The Electric Vehicle Wholesaling industry in Australia is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
The market size of the Electric Vehicle Wholesaling industry in Australia has been growing at a CAGR of 48.9 % between 2019 and 2024.
Over the next five years, the Electric Vehicle Wholesaling industry in Australia is expected to grow.
The biggest companies operating in the Electric Vehicle Wholesaling industry in Australia are Tesla Australia, BYD Automotive and Volvo
Battery electric passenger vehicles and Battery electric SUVs are part of the Electric Vehicle Wholesaling industry in Australia.
The company holding the most market share in the Electric Vehicle Wholesaling industry in Australia is Tesla Australia.
The level of competition is high and increasing in the Electric Vehicle Wholesaling industry in Australia.