Sun, 2nd Jun 2024

On this episode of the Weekly Finance News Wrap, Paige Estritori discusses the latest updates in the electric vehicle (EV) sector, with Tesla leading the industry, followed closely by BYD. Mercedes-Benz and MG Auto are also making significant strides. Yet, traditional automakers like Mazda, Honda & Suzuki, and India's auto sector are challenged to keep up. Amid surging global and Australian EV sales, the gravity of transitioning to zero-emissions vehicles is highlighted. In economic news, relief for high living costs in Australia might be on the horizon as inflation rates are projected to stabilize. The Australian Bureau of Statistics is set to release new data that could influence future interest rates which the Reserve Bank is set to revisit. Encouraging economic indicators from the US also point towards a strong start for the Australian share market. Visit financialservicesonline.com.au for more information.n