EconomyAustralians buy EVs instead of holidaying in Europe: what the national accounts show

Australian Bureau of Statistics figures show real GDP grew 0.4% in the June quarter, while annual growth slowed from 2.5% to 2.1%. Middle East conflict and high fuel prices dampened overseas travel; record EV and hybrid sales supplied three-quarters of quarterly consumption growth. Per-person GDP fell 0.1%, underscoring continuing cost-of-living pressure.

Australia economyGDP growthelectric vehiclescost of living

TThe Guardian★★★☆☆2026-09-02 15:00Original