Car industry cautious about Australia’s proposed vehicle efficiency standards

AutoExec Summary
Australia’s peak body for car brands has cautioned the Federal Government to consider the effect of its proposed vehicle efficiency standards on new car price tags. The Federal Chamber of Automotive Industries (FCAI) said it would take time to study the potential impacts on consumers and the industry as the New Vehicle Efficiency Standard nears implementation. The Australian Government will consult with stakeholders on its preferred model until March 4, 2024, before introducing legislation “as soon as possible”.

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