STOCKS | Australia’s August EV Sales Top Gasoline Cars for First Time

Australia’s climate change and energy minister, Chris Bowen, said electric vehicle sales in Australia surpassed gasoline cars for the first time in August. According to Sina Finance, August new-car sales data showed pure electric vehicle sales topped 27,000 units, accounting for 24.9% of total new-car sales and setting a monthly record. Gasoline car sales were 25,824 units, while pure electric vehicle sales rose 171% from a year earlier. Pure electric, plug-in hybrid, and regular hybrid models together accounted for more than half of total new-car sales.