Carmakers, lobby groups go to war over cost of emissions standards to new car buyers

AutoExec Summary
The FCAI has been accused of misleading the public about the impact of upcoming federal emissions standards on new car prices. The Electric Vehicle Council has called the claims “misleading” and “not honest or credible.” The NVES, set to come into effect in 2025, will see carmakers given fleet CO2 emissions targets that will move with time. The FCAI’s data on the top 20 best-selling cars in 2023 shows the credit or penalty they would incur in 2025 based on the lowest and highest CO2-emitting variants in their model ranges. The FCAI predicts EVs will still carry significant premiums even by 2030. Some car companies have come out in support of the NVES, including Hyundai and Volkswagen, while Mazda has called for a significant delay to its introduction. The Federal Opposition is calling the NVES a “family car tax.” The Australian Government has said there will be “none” in terms of an impact on new car prices.

Brands mentioned: Toyota, Volkswagen, Hyundai, Mazda, Mitsubishi, Cupra,