Fuel standard signals fight for zero emissions is underway

AutoExec Summary
The federal government of Australia has announced plans to introduce a mandatory fuel emission standard to promote the adoption of electric vehicles. The consultation on the fuel efficiency standard has begun, and the proposed design will be released by the end of 2023. This announcement has led to increased lobbying by vehicle manufacturers, environmental lobbyists, and other interested parties to influence the scheme. The standard will apply to vehicles entering the Australian market for the first time, on average to vehicles sold, and to light vehicles. The federal government estimates that the introduction of a fuel efficiency standard could save motorists up to $519 per year. The strategy is intended to encourage greater use of cleaner, cheaper-to-run vehicles.
Brands mentioned: Toyota