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‘BYD effect’: electric vehicle boom becomes unexpected tool to combat inflation (www.theguardian.com)
submitted 4 days ago by HaraldvonBlauzahn@feddit.org to c/technology@lemmy.world
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cross-posted from: https://feddit.org/post/36667361

cross-posted from: https://lemmy.zip/post/73150694

Electric vehicle sales are surging in Australia, powering a transition that goes beyond fuel savings to become an unexpected tool to combat high inflation.

The abrupt shift away from petrol and diesel vehicles, accelerated by elevated fuel costs caused by the Iran conflict, is being supported by an influx of cheaper EVs that is reducing associated costs such as insurance.

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[-] yessikg@fedia.io 1 points 23 hours ago

Good for Australia

this post was submitted on 13 Oct 2026
93 points (94.3% liked)

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