Overview

• Australia introduces mandatory fuel efficiency standards, targeting alignment with US standards by 2028.
• The new standards are expected to save Australian households $1000 annually on fuel by 2025.
• Three options for fuel standards are proposed, with the government favoring a model that could reduce car CO2 intensity by 61% by the end of the decade.
• Electric vehicle sales are anticipated to double again in 2023, with all new cars potentially being electric by 2035.
• The policy aims to cut carbon emissions, improve air quality, and offer consumers more efficient vehicle choices.