It’s a green light for electric vehicles! Aussie CO2 standard tough on Toyota, SUVs and utes

AutoExec Summary
Australia is set to establish a CO2 emissions standard by January 1, 2025, encouraging the purchase of electric vehicles under an Albanese Labor government plan. The National Vehicle Efficiency Standard (NVES) will enforce strict CO2 emission limits on various vehicle types, increasing by 12% annually from 2025 to 2029. This plan, known as ‘Option B’, surpasses industry proposals and penalizes breaches of emission limits. Heavy-duty 4×4 manufacturers like Toyota may face challenges due to their classification as passenger vehicles. The NVES aims to reduce emissions through targets for new vehicle sales, offering credits for compliance and imposing fines for exceeding limits. Overall, the regulations aim to reduce emissions significantly and align Australia with global standards.

Brands mentioned: Toyota, Mazda, Nissan, Tesla.