ASX Today, page-39732

EV NewsEV sales hit record high in March, as Tesla Model Y overtakes Toyota Hilux uteRiz Akhtar APRIL 4, 2024 12:55 PM Image: Riz Akhtar The uptake of electric vehicles has reached a new monthly high in March, posting a new peak above 10,000 sales for the second month in a row, although its share of the new car market fell slightly because the sale of internal combustion cars also hit a new peak in Australia.The sales data released by the Federal Chamber of Automotive Industries (FCAI) put the sales for EVs in March at 10,464, but this does not include another 84 sales of the Polestar 2, whose parent company has quit the FCAI over its opposition to vehicle emissions standards.That would take total sales to 10,548, although the share of the new car market for full battery EVs fell slightly to 9.5 per cent from 9.6 per cent in February. Tesla once again had a strong month of EV sales, with both the Model Y SUV and its refreshed Model 3 performing well, propelling Tesla to be the number 6 best selling brand in Australia, its highest position to date.The Model Y took the crown of best selling EV with 4,379 sales, and was beaten in the overall market only by the Ford Ranger ute and the Toyota Rav4. The Model Y overtook the Toyota Hilux ute, while the Mitsubishi Outlander was the fifth best selling vehicle.In the EV section, the newly refreshed Model 3 had 1,638 sales and took second place, following a record month in February when 3,593 vehicles were sold.