The dramatic decline in Japanese vehicle domination has been coupled with a sudden shift away from fossil fuel-powered cars.
Last month, almost a quarter of all cars sold in Australia were fully electric. A year ago, it was just 7 per cent. Add in hybrids, and EVs are now neck and neck with petrol- and diesel-fuelled automobiles.
According to Pitcher Partners' Steve Bragg, the Iran war has helped shift the dial.
"Five years ago, most people who wanted to drive an EV were doing it for environmental reasons," he says.
"Now it's financial reasons."