Commercial Electric Vehicles Supply Chains

October 2023

Commercial Electric Vehicles (CEVs) present $110 billion opportunity to decarbonise Australian industry

Australia has a healthy commercial vehicle assembly industry which, with the right support, can take the important next step to transition from assembling internal combustion engine (ICE) buses and trucks to their electric equivalents. There is huge potential for the industry to grow - with existing commercial electric vehicle (CEV) manufacturers expanding their production capability and others retrofitting fossil fuel vehicles; both are key to decarbonising commercial vehicles.

While the focus to date in Australia has been on passenger EVs, commercial vehicles represent 9% of Australia’s carbon emissions, and this is rising

Replacing existing internal combustion engine buses, trucks and light commercial fleet vehicles would reduce commercial vehicle road emissions by 50%, while generating 105,000 jobs and $110 billion in revenue for businesses by the end of 2030.

While the focus to date in Australia has been on passenger EVs, commercial vehicles represent 9% of Australia’s carbon emissions, and this is rising

Replacing existing internal combustion engine buses, trucks and light commercial fleet vehicles would reduce commercial vehicle road emissions by 50%, while generating 105,000 jobs and $110 billion in revenue for businesses by the end of 2030.

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