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Fuel Price Shock Drives Australians to EVs and E-Bikes

The spike points to a short-term shift in travel driven by pain at the pump.

Overview

  • Bike shops across Australia report e-bike sales surging in recent weeks, with some stores saying sales tripled or even quadrupled as petrol tops $2 a litre and diesel passes $3.
  • Industry data show battery-electric car sales reached 15,839 in March 2026, marking a clear jump that aligns with the fuel-price shock.
  • Financing and online interest also spiked in March 2026, with MONEYME reporting EV loan applications up about 90 percent month on month and carsales searches for EVs tripling.
  • The federal energy minister said fuel imports should stay stable into next month, even as prices ease slightly and some stations still report diesel outages.
  • Local signs point to knock-on effects, with charger use in Warrnambool nearly doubling over 2024–2025 and bike workshops booking out, while cost and lapsed rebates could limit how long the surge lasts.