CleanTechnica•about 1 month ago
BYD ATTO 1 & ATTO 2 Bring EV Price Parity to Australia!
Key Takeaway
The rapid achievement of EV price parity in Australia signals an imminent surge in electricity demand, requiring significant investment in new generation, storage, and grid infrastructure, and influencing large power consumer strategies.
AI Summary
- •BYD has launched the ATTO 1 in Australia at $23,990 AUD ($15,661 USD) before on-road costs, establishing it as the country's most affordable EV and achieving price parity with comparable ICE vehicles.
- •This EV price parity is expected to significantly accelerate EV adoption rates, leading to a substantial increase in electricity demand across Australia.
- •The surge in EV charging demand will necessitate considerable investment in new generation capacity (especially renewables), energy storage solutions, and grid infrastructure upgrades.
- •Developers (IPPs) should anticipate growing opportunities for renewable energy and storage projects to meet this evolving demand profile.
- •Large power consumers must factor in the broader grid impacts, potential for increased electricity costs, and consider their own fleet electrification strategies and associated power procurement (e.g., PPAs).
Topics
datacenteremissionsoempolicyppasolarstoragewind
Article Content
BYD recently launched the ATTO 1 (aka Seagull/Dolphin Surf/Dolphin Mini) in Australia, starting at $23,990 AUD ($15,661 USD). This makes it the least expensive EV in Australia. Of note, that does not include on-the-road cost. When you include those taxes and fees for Sydney, the BYD ($26,532 AUD) still prices ... [continued] The post BYD ATTO 1 & ATTO 2 Bring EV Price Parity to Australia! appeared first on CleanTechnica .