EV Prices Soaring, Petrol Plummeting

0:00High petrol prices are hitting Aussies hard, pushing folks straight into the used car market for electric vehicles. Data from over 160,000 listings shows used EV prices climbing while petrol and diesel cars drop fast. It's a clear flip in the market, all thanks to fuel cost, jumping nearly 50% from the Middle East tensions. Over the past two weeks, top EVs like the Tesla Model 3Y shot up 3.63%. There were no kangoo electric rows, 3.1, 3%. And the Tesla Model 3 gained 1.39%. Meanwhile, petrol rides like the Mahindra XUV30 plunge 15.5%, and the Havill Petro 86 GT fell 11.9%. Since these cars first hit listings months ago, Tesla Model 3Y and Model 3 averages are of 6.3% and 4.9%. Only one petrol car, the Fiat 500, cracked the top 5 gainers at 0.4%.

1:01While diesel models like the Lexus LX tanked, 15.1%. Experts and motor metrics say this price-wing signals real demand shifts, just like during COVID when used car prices spiked up to 50% as. People ditched public transport. Founder Jake Sale notes EVs are acting totally different from gas guzzlers right now. Supplies getting tight too, with Polestar 2, down to 2 or 3 days, MGS at 5 days, and BYD at 03 at 8.6 days, super low. Levels that mean buyers are snapping them up quick. As fuel-pane lingers, keep eyes on how this EV rush reshapes the road ahead. That wrap Sydney news today brought to you with AI. I'm Cory with the story.