Key Insights
-
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 – but regions like Hume have the most to gain.
-
The 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.
-
Introducing a Fuel Efficiency Standard of 95 grams CO2/km would save Hume motorists $89 million in fuel costs over five years.
-
A Fuel Efficiency Standard will turbocharge the growth of electric vehicles and could see EV registrations in Hume grow from 61 in 2020 to more than 7174 in five years.
-
The reduction in transport emissions from a strong Fuel Efficiency Standard will improve air quality and health outcomes for Hume – a region with a high rate of lung conditions compared to the national average.
-
Failing to introduce a strong Standard will lock regions like Hume into spiralling fuel costs, limit vehicle choice for consumers, and see harmful transport emissions continue to rise.
