Australian Broadcasting Company
BCG’s Anita Oh discusses the mass adoption of electric “utes”—or utility vehicles, such as pick-up trucks—with Australia’s ABC News. Officials have long doubted the popularity of these utility vehicles, citing a lack of efficiency compared to their gas-powered counterparts. But a recent BCG report predicts that electric pickups and vans will comprise over half of light commercial vehicle sales in Australia by 2030. The cost is plummeting as battery prices fall, Oh explains, slashing the “green premium” that previously discouraged large-scale adoption.