‘Aggressive’ emissions standards will mean price hikes, hurt ‘middle Australia’ – Toyota

AutoExec Summary
The Australian Government’s proposed New Vehicle Emissions Standards (NVES) could lead to price hikes for ute and large four-wheel drive buyers, according to Toyota Australia. The NVES would penalise carmakers for exceeding emissions caps, potentially leading to increased vehicle prices. Toyota argues that low-emission alternatives for vehicles like the LandCruiser 300 don’t yet exist. The Federal Chamber of Automotive Industries (FCAI) has also expressed concerns about the potential impact on consumers. The Electric Vehicle Council has called the FCAI’s claims about price increases “misleading.”

Brands mentioned: Toyota,