A strong Fuel Efficiency Standard is a key policy needed to reduce transport emissions and unlock a supply of affordable electric vehicles (EVs) to help tackle the cost of living crisis for all Australians.
Introducing a Fuel Efficiency Standard for light vehicles of 95 grams CO₂/km would save Australian motorists $11.2 billion in fuel costs over five years.
The cost-saving benefits of a strong Fuel Efficiency Standard will be greater for regional drivers, relative to city drivers, because they typically spend a higher percent of weekly earnings on transport costs due to longer average commutes, higher regional fuel prices and higher rates of car ownership.
A Fuel Efficiency Standard will turbocharge the growth of EVs and could see Australian EV registrations grow from 14,255 in 2020 to more than 913,359 in five years.
The reduction in transport emissions from a strong Fuel Efficiency Standard will improve air quality and health outcomes for Australia.
Failing to introduce a strong Standard will lock Australia into spiralling fuel costs, limit vehicle choice for consumers, and see harmful transport emissions continue to rise.
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