Australia announced on Sunday a favoured model for new vehicle emission standards, which brings the country closer to finalising regulations that will enhance the adoption of electric vehicles (EVs), aligning with the standards in the majority of other developed economies, according to Reuters.
The government revealed its favoured model, expressing preference for an option that would align Australia with U.S. standards by 2028 and offer optimal cost-benefit results for Australian car buyers.
Energy Minister of Australia Chris Bowen stated that the new standard, which the government aims to implement from January 1, 2025, could result in fuel cost savings of A$100 billion ($65 billion) for motorists by 2050.
“This is about ensuring Australian families and businesses can choose the latest and most efficient cars and utes, whether they’re petrol and diesel engines, hybrids, or electric,” Bowen stated.
In 2023, Australia’s automotive association reported record-breaking sales of EVs. Despite this, the majority of light vehicle sales still come from trucks and sports utility vehicles (SUVs), which are known for their high emissions.
This highlights the ongoing challenge of transitioning to environmentally friendly transport options.
Transport contributes significantly to Australia’s emissions. Increasing the use of electric vehicles could support the government’s commitment to reducing emissions by 43 per cent by 2030.
