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Milad Haghani, Associate Professor and Principal Fellow in Urban Risk and Resilience, The University of Melbourne

REVEALED: Byd is reshaping australias car market how did it get here | Rare Historical Photos

A ship owned and operated by BYD delivers vehicles to the Melbourne docks in June, 2026. Asanka Ratnayake/Getty Images

Since the Iran-US military conflict began earlier this year, disrupting global oil markets, Australia’s electric vehicle (EV) market has experienced an unprecedented boost.

With motorists facing sharp increases at the bowser and continuing uncertainty about fuel prices, many drivers have decided to go electric. EVs accounted for 25.8% of total car sales in the first half of 2026.

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