Australia promotes electric vehicles to decarbonize transport, although adoption has yet to catch up with the global market. However, supply and demand forecasts based on non-price determinants indicate that the Australian EV market will experience growth because of increased demand and supply over the next ten years, and the net overall position will be positive.

Can you please provide a very clear explanation of macro-economic conditions, demonstrating an in-depth knowledge of key macro-economic indicators and current commentary on these. Provide a clear link between these indicators and the positive market forecast for electric vehicles in Australia over the next decade.