Toyota, Mazda, Ford face “high difficulty” with new emissions standard

AutoExec Summary
The Motor Trades Association of Australia (MTAA) has warned that unchanged New Vehicles Efficiency Standard (NVES) proposed by the government will inevitably lead to price increases and job losses in the auto industry. The MTAA has called for significant changes to the scheme and support for the wider automotive industry to compensate for its impact. The NVES aims to reduce CO2 emissions from new vehicles sold and encourage the sale of zero-emissions vehicles. The MTAA has projected that many brands, including Toyota, Mazda, and Ford, will struggle to meet the proposed CO2 targets, leading to potential job losses and dealership closures.

Brands mentioned: Toyota, Mazda, Ford, Mitsubishi, Nissan, Jeep, Chevrolet, SsangYong, Subaru, BYD, Peugeot, Tesla, Hyundai, Renault-Nissan-Mitsubishi