Interest in electric vehicles has jumped sharply as drivers look for relief from rising fuel costs, but RACV is warning buyers against rushing into decisions based purely on price.
Search activity on RACV’s Car Match platform rose by 461 per cent in March compared with the previous month, with brands such as BYD, MG and Chery drawing the most attention. Lower entry prices appear to be a key driver, with some models now available from under $25,000 before on-road costs.
RACV Head of Policy James Williams said the spike in interest reflects changing cost pressures, though he cautioned that choosing a vehicle requires more than comparing price tags.
He said buyers should take time to assess how an electric vehicle fits into their daily routine, including commuting distances, driving conditions and expectations around safety and support after purchase. Questions around towing, freeway use and off-road capability can also shape whether a particular model is suitable.
Charging remains another practical consideration. Williams pointed to the importance of understanding where and how a vehicle will be charged, particularly for those planning to install home charging systems. He noted that installation options are available and, depending on insurance coverage, may be included under existing policies.
RACV is also encouraging buyers to treat advertised driving ranges as a guide rather than a guarantee, as real-world performance can vary. Adjusting to features such as regenerative braking may require a shift in driving habits, even for experienced motorists.
Safety continues to be a central factor. While many electric vehicles now carry five-star ANCAP ratings, RACV advises buyers to look closely at the specific safety features included in each model rather than relying solely on overall ratings.
Financing is another area under review as more buyers explore options such as green loans. RACV suggests planning ahead to ensure the purchase aligns with personal financial circumstances.
At the same time, rising demand is beginning to affect supply. Williams said some popular models are already facing extended wait times due to delivery constraints and factory allocation limits. Current offers in the market may tighten further if fuel prices remain elevated.
The growing second-hand EV market is also drawing interest, though it brings its own considerations. Battery condition, warranty coverage and ongoing software support are among the factors RACV says should be carefully checked before purchase.
RACV maintains that tools such as Car Match can help buyers compare specifications, pricing and estimated running costs, offering a clearer picture of long-term suitability rather than short-term savings.
The organisation’s advice reflects a broader shift in how Australians are approaching vehicle ownership, with cost pressures accelerating interest in alternatives while also raising questions about infrastructure, reliability and long-term value.
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