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

https://mins.news/en/item/42251

- The Guardian, 2026-09-02 15:00 UTC
- Economy
- Original: https://www.theguardian.com/business/2026/sep/03/australia-national-accounts-abs-economic-growth-evs-europe-holidays

> 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.

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