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Speaker 1: I mentioned a little while ago that the sale of

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Speaker 1: evs here in the Northern Territory electric vehicles, well they've

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Speaker 1: sort of not slowed, but certainly steadied at this point

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Speaker 1: in time, but new vehicle sales in the NT are

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Speaker 1: maintaining a healthy position. And joining us on the line

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Speaker 1: to tell us a little bit about where things are at,

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Speaker 1: I am joined by the Motor Trades Association General Manager

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Speaker 1: of Media, Marketing and Policy, Case Silicen. Good morning to you,

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Speaker 1: Case Katie, grow to be back. Oh great to have

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Speaker 1: you on the show now. I always love these stats

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Speaker 1: every month, and I reckon our listeners love hearing about

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Speaker 1: them as well, finding out what's the most popular vehicle.

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Speaker 1: But before I get to that, talk me through sort

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Speaker 1: of the general you know, the general feel I guess

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Speaker 1: when it comes to the car market at this point.

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Speaker 2: Absolutely well, look, the territory's foot is absolutely on the

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Speaker 2: pedal at the moment, so we are still having really

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Speaker 2: strong sales continuing. So to give a picture of what

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Speaker 2: that means, new vehicles overall are about nine point four

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Speaker 2: percent high than at the same time as last year,

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Speaker 2: and twenty twenty three itself was one of the best

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Speaker 2: years ever for vehicle sales in the Northern Territory. So

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Speaker 2: things are going really good and it's a great it's

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Speaker 2: a great thing for the industry, but also for consumers

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Speaker 2: as well.

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Speaker 1: All right, case, what are the most popular cars in

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Speaker 1: the Northern Territory.

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Speaker 2: Well, look, unsurprisingly, Territorians love their uts of four by fours.

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Speaker 2: That's reflected in this month's top five. So year to date,

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Speaker 2: the top five are standing at the Toyota Highluks four

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Speaker 2: x four, followed by the Toyota land Cruiser, then Toyota

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Speaker 2: Rav four obviously quite a popular option with its hybrid

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Speaker 2: variants available, then the Forward Ranger, and finally rounding up

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Speaker 2: the top five is the Mitsubishi Outlander.

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Speaker 1: We love our four wheel drives in the end, ja,

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Speaker 1: don't we?

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Speaker 2: Yeah. Look, I think whether it's for work or for lifestyle,

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Speaker 2: geography has a big say in that, not with standing,

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Speaker 2: I think the role of hybrids and plug in hybrids

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Speaker 2: over time, particularly with the federal government's new Vehicle Efficiency

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Speaker 2: Standard looming, will play an important role.

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Speaker 1: So talk us through those EV sales. I understand that

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Speaker 1: you know the appetities. Maybe it's still robust, or it's

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Speaker 1: still quite good, but maybe slowed slightly, I think.

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Speaker 2: When people think about EV sales, and certainly they are

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Speaker 2: more concentrated on the Darwin area and Northern Territory generally

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Speaker 2: a bit behind the rest of the country. So currently

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Speaker 2: that pure electric vehicles make up three point four percent

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Speaker 2: of all new cars sold in the Northern Territory. When

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Speaker 2: you put together hybrids and plug in hybrids, it's actually

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Speaker 2: about eighteen percent almost altogether. But the electric vehicles now

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Speaker 2: are starting to maybe plateau we're seeing, and that might

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Speaker 2: be due to a couple of reasons. Obviously, the territory

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Speaker 2: does have unique considerations, but this is something we're seeing

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Speaker 2: in other states and territories too. Some of the drivers

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Speaker 2: I think behind it. One, there are a lack of

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Speaker 2: incentives available, and evs do still command a price premium

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Speaker 2: over their petrol and diesel counterparts. And alternatively, the other

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Speaker 2: thing that's weighing on consumers' minds is we've seen some

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Speaker 2: really really significant price cuts, more so from the American

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Speaker 2: and European brands, which is a really good thing for consumers. However,

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Speaker 2: at the rate of slashing we've seen on things like

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Speaker 2: the Tesla Model three and the Model Y, you might

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Speaker 2: be sitting there and thinking well, let's just wait a

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Speaker 2: bit longer for perhaps getting a better deal.

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Speaker 1: And so do you think that there needs to be

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Speaker 1: sort of more incentive for people to to go across

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Speaker 1: to an EV or to you to those electrical hybrids.

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Speaker 2: I think it has to be part of the strategy.

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Speaker 2: International experience shows us that in places like the United

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Speaker 2: Kingdom in the United States is that without incentives, the

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Speaker 2: adoption doesn't really accelerate too much past that twenty thirty

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Speaker 2: percent after you get the early adopters on board. Norway,

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Speaker 2: one of the leaders in the world, have put some

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Speaker 2: of the most generous incentives behind it to drive their decarbonization.

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Speaker 2: So in tandem, I suppose with what I'm saying about

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Speaker 2: the territory's unique requirements, you know that is potentially having

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Speaker 2: hybrids and plug in hybrids eligible for incentives. You do

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Speaker 2: need to put some money on the hood of the

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Speaker 2: car if you do want to convert people while they're

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Speaker 2: more experienced, more expensive and an internal combustion vehicle.

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Speaker 1: So in other states, do they have some incentives at

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Speaker 1: the moment? Is it just a territory that we don't,

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Speaker 1: or is it across Australia that we're looking to those incentives.

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Speaker 2: Really it's a mixed bag, and I think you've seen

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Speaker 2: on the Eastern board with New South Wales and Victoria

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Speaker 2: have previously had them, they've pulled them. In South Australia

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Speaker 2: likewise have had them and pulled them. However, interestingly Western

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Speaker 2: Australia actually have doubled down on their commitment and are

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Speaker 2: continuing their e the incentives. So I think over time

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Speaker 2: really going to be interesting to see how some of

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Speaker 2: those trends play out state by state and the impacts

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Speaker 2: that those incentives have on greater adoption in zero and

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Speaker 2: lower mission vehicles.

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Speaker 1: Well case, lovely to speak to you this morning. I

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Speaker 1: think it's always interesting to find out what is going

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Speaker 1: on with the you know, with those car sales in

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Speaker 1: the NT. SO really appreciate you having your chat with

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Speaker 1: me today.

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Speaker 2: My pleasure, Thank you, thank you,