Industry body data shows the carmakers set to miss emissions targets

AutoExec Summary
The Motor Trades Association of Australia (MTAA) has called for the Federal Government to provide a longer timeframe for carmakers to meet proposed emissions regulations, as data reveals many won’t meet targets. The NVES ‘Option B’ proposes a penalty to carmakers of $100 per gram of CO2 emitted per kilometre above its targets. The MTAA recommends allowing carmakers to sell credits to each other rather than paying the penalty, to prevent costs being passed on to consumers. Some carmakers, such as Toyota, Mazda, and Mitsubishi, will need to make major changes to meet the proposed emissions targets.

Brands mentioned: MTAA, Blue Flag, Chevrolet, Tesla, BYD, Toyota, Mazda, Mitsubishi, Nissan, General Motors Specialty Vehicles (GMSV), Volkswagen