Nickel and Cobalt

April 2026

April 2026 proved a turning point for Australian EV adoption, as a fuel crisis and soaring petrol prices drove record EV registrations — up 40–50% in March — and sparked chaotic scenes at petrol stations that crystallised the case for energy security. The EV industry united to declare that Australia's fuel vulnerability is 'a choice we keep making,' urging government to accelerate charging rollout rather than wind back EV incentives, as a $40 million federal boost for charging infrastructure was announced. Easter road trip queues at fast chargers exposed real bottlenecks in the network, prompting debate over kerbside charger expansion and the grid upgrades needed to support fleet electrification at scale. Highlights include a historic moment for commercial transport — electric trucks reaching price parity with diesel — alongside the arrival of the MG4 Urban at $31,990, Kia PV5 Cargo pricing, and an Australian start-up securing $12 million to challenge China's dominance of EV battery recycling. Regional Australians, lured by the equivalent of a $13 fill-up at home, are increasingly switching to electric vehicles and driving a surge in both new and used EV sales.

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March 2026

Soaring petrol prices are driving a surge in Australian EV interest, with EV loans doubling and Westpac research confirming renewed consumer appetite for electric cars. The EU–Australia free trade deal promises cheaper EVs and broader economic opportunity, while debate intensifies over Labor's plan to phase out popular EV tax incentives — even as the Nissan Leaf picks up a global women's car award and Volvo's boss predicts EVs will undercut petrol cars by 2030. Internationally, EVs have outsold petrol cars in the EU for the first time ever, and electrifying freight between Sydney and Melbourne is highlighted as a compelling economic no-brainer.

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March 2026