Petrol crisis drives electric vehicle surge

Rising petrol prices driven by Middle Eastern conflict have triggered increased interest in electric vehicles across Australia, with approximately 400,000 Australians already making the switch. Entry-level EVs now start at just over $20,000, with government novated leasing benefits eliminating fringe benefits tax. The second-hand EV market offers good value due to significant depreciation, though buyers should verify battery health and consider charging infrastructure limitations, particularly for renters and apartment dwellers.

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