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Hopes launch of new electric car could spark price war in Australia

News Snapshot:

The launch of a new electric car this week in Queensland could start a price battle among other manufacturers and make the technology accessible to a wider audience. But market experts warn that Australia still needs better policies to ensure the competition takes hold and more consumer education about the ultimate price – and price savings – of the new vehicles. BYD’s latest launch, called the Dolphin, set for Thursday on the Gold Coast, triggered speculation after the company promised it would deliver “the most affordable, high-quality EV launched in Australia”. While predictions about its local cost have raged, the…

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