There is an uptrend for global fuel energy as a result of an ongoing energy supply shortage.
The Statista Research Department reports a significant 173.23 global fuel energy price index as compared to 100 points in 2016.
The Russia-Ukraine war worsened the index’s increase, which was about 11 times between 2020 and 2022.
The world has also shifted to sustainable energy solutions, especially in the transportation industry, as global awareness of climate change is on the rise and Australia has not been left behind.
The country experienced huge growth in recent years, doubling its electric car number between 2018 and 2019.
With an increase in electric car sales of 291.1% in 2020, there are around 20, 000 to 30,000 electric vehicles in Australia as of the beginning of 2021.
Many prospective electric car buyers in Australia have been pondering the use of used electric cars as the global adoption of electric cars increases.
Is It Okay To Buy Used Electric Car In Australia?
Buying used electric cars in Australia is okay. The increased growth rate means there are more electric cars in Australia, with newer models replacing older ones.
This leads to more electric cars entering the second-hand category. New electric cars in Australia range from $44,990 to $770,000.
The price range as compared to used electric cars, starting at $10,000, makes them a good savings option.
Used Electric cars come with the advantages of a classic electric car. Electric cars also show a slower depreciation as compared to traditional vehicles.
The transition towards sustainability is hastened with the purchase or switch to electric cars.
Can I Buy Used Electric Car In Australia?
There has been an increase in availability when it comes to electric cars, especially in Australia.
Online websites like Autotrader and CarsGuide have a significant number of used electric cars for sale, presenting a wide range of options for users.
Some local dealers in Australia also have electric car options worth exploring. Good Car Company offers a full customer protection approach to the sale of used electric cars.
The company ensures a 7-day return policy, tested high-voltage batteries, and a general and battery warranty.
Getting a used car is admittedly hard. There are certain factors to consider. The battery capacity of electric cars decreased by 2.3 percent per year for the first few years.
General and battery warranties are key inquiries that are important to note before purchasing a used electric car.
Other factors include opting for electric cars with fewer tears, good brake pad condition, and updated software (with supported languages).
What Are The Disadvantages Of Buying Used Electric Car?
There are some bad deals in the used electric car market. Good research is key when it comes to buying a used electric car.
Barriers to the adoption of electric cars include a lack of affordability, availability, and poor infrastructure.
A key factor to consider is battery degradation, as battery health is a key consideration that speaks volumes about the value of a used electric car.
Older electric car models may have a shorter driving range as compared to new ones.
While Australia is hastening the transition and availability of electric cars, there are some setbacks to their availability relative to the state. Electric car charging stations are not readily available across all cities and districts.
Is There Any Incentive For Buying Used Electric Car In Australia?
The Australian government offers various incentives when it comes to electric cars in the form of incentives and tax rebates.
Stamp duty is a cost associated with an electric car acquired in Australia, regardless of its age. The value of the car determines the amount due.
Electric cars are exempt from an electric car stamp. The tax rebate threshold for fuel-efficient cars, including electric vehicles, has been raised to $89,332 for the 2023–2024 fiscal year.
The government provides a $3,000 reimbursement for electric vehicles up to $68,750, with a total of 25,000 rebates possible.
Additionally, electric cars up to $78,000 may be eligible for a $3,000. stamp duty refund.
The total refund amount that consumers can save with these offers is $5,540. The Australian government provides incentives like the Electric Vehicle Subsidy Scheme and the exemption from the Luxury Car Tax (LCT).
Additionally, Mike Cannon-Brookes, an Australian billionaire, has invested $10 million in Boundless, an Australian philanthropic venture business, to increase the supply, demand, and affordability of used electric cars in Australia.
Does The Australian Government Accept Used Electric Car In The Country?
Australia is committed to reducing carbon footprints in a global fight for sustainable energy. Certainly, the government is in favour of imported, used electric cars.
In Australia, electric cars accounted for just 3.8% of new car sales in 2022, whereas the global average was close to 9%.
The federal government supports the importation and registration of used electric cars from Japan and the UK, among other countries.
The government currently imports about 2,000 electric cars per year.
The Nissan Leaf, Nissan eNV200 electric van, and Peugeot e-Expert electric van are examples of imported used electric cars.
