Eagers Automotive expects jump in electric vehicle sales as BYD narrows the gap on No.1 seller Tesla

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Eagers chief executive Keith Thornton told shareholders in its annual report there was a “generational shift” under way as Australian customers were becoming increasingly attracted to electric vehicles or hybrids.

He said market adoption of low- and zero-emission vehicles was accelerating rapidly “via organic changes in consumer preferences”. The increasing uptake of EVs was also being supported by incentives and mandates which would stimulate incremental demand.

The…

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