In response to rising fuel prices, the demand for used electric vehicles (EVs) in Australia has surged, leading to significant price increases for certain models. According to Jake Sale, founder of MotorMetrics, the Tesla Model Y has seen a price rise of over 6% in the last two weeks of March, reflecting a broader trend among EVs as dealers adjust prices upwards due to low inventory. Meanwhile, prices for used diesel and petrol vehicles have dropped by as much as 20%. Rental marketplace Turo Australia reported a 70% increase in bookings for EVs and hybrids compared to the same period last year, as consumers seek more economical options amid soaring petrol costs. The Electric Vehicle Council noted that by the end of 2025, there will be over 454,000 battery electric and plug-in hybrid vehicles on Australian roads, marking a significant increase in the EV market share to about 13% of new purchases. Economists suggest that this fuel crisis could be a pivotal moment for EV adoption, potentially accelerating the transition away from combustion engines as consumers rethink their vehicle choices.