Discover how new fuel-efficiency standards will help Australian drivers save hundreds of dollars!

Australia is finally catching up with the rest of the developed nations by introducing new fuel efficiency standards.

This recent move by the federal government could save Australians up to $1,000 a year in fuel costs, a significant relief for many households.



The unveiling of the preferred model by Minister for Climate Change and Energy, Chris Bowen, signals a new era for the Australian automotive industry.

The new standards, which will apply to new passenger and light commercial vehicles, are expected to encourage car makers to sell more electric and fuel-efficient vehicles.

This move is seen to provide more choices to potential car buyers.


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The government is set to release new fuel-efficiency standards. Image source: Freepik.


If Australia matches the United States in average vehicle efficiency by 2028, drivers should save a lot per vehicle yearly, according to Bowen.

'Because of a lack of action on an Efficiency Standard, Australian families are paying around $1,000 a year more than they need to be for their annual fuel bill—the Albanese Government is delivering long-term cost-of-living relief to fix that for new vehicles and put money back in people's pockets,' Bowen said in a statement.



This move is not only beneficial for consumers' wallets but also for the environment, as it promotes the use of vehicles that emit less carbon dioxide.

The introduction of these standards is expected to save Australian motorists $100 billion in fuel costs by 2050.

'This is about ensuring Australian families and businesses can choose the latest and most efficient cars and utes, whether they're petrol and diesel engines, or hybrid, or electric,' Bowen added.

The move has been praised by climate groups and industry bodies, including the Electric Vehicle Council (EVC).



EVC Chief Executive Behyad Jafari said, 'This announcement from the Federal Government, when legislated, will give Australians a greater choice for the cars they want and put money back in their pockets through lower fuel bills.'

'Within a few short years, it will mean the average family will not have to spend as much on imported petrol, which we know is hugely volatile on price.'

The new policy is expected to end Australia's position at the back of the queue when it comes to the best and cheapest electric vehicles.

Car makers have been incentivised to offer their most efficient vehicles elsewhere first, but this should change with the introduction of the new standards.

'That should end now with this policy, and Australian car buyers should notice the change very quickly,' Jafari added.

The government will consult on the preferred model for a month and introduce the legislation as soon as possible.

The new cost-saving rules are expected to come into effect by January 1, 2025.
Key Takeaways
  • Australians could potentially save up to $1,000 annually on fuel costs with the new fuel efficiency standards set by the government.
  • The new standards encourage car manufacturers to offer more electric and fuel-efficient vehicles in the Australian market.
  • If the country achieves the same vehicle efficiency as the United States by 2028, significant savings on fuel are expected for drivers.
  • Climate groups and the Electric Vehicle Council have lauded the Federal Government's move, with expectations that it will offer Australians greater vehicle choice and cost savings on fuel.
What do you think about these new fuel efficiency standards? Do you believe they will make a significant difference in your annual fuel costs? Share your thoughts with us in the comments below.
 
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This guy is an idiot,(Bowen), another nail in labors coffin.I hope we get an early election so we can kick these twits out.The whole global warming /climate crisis is a fraud.
 
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I too agree with the majority of comments, when you look at the whole Total cost of ownership (including ongoing & "renewable" tco.
 
So I must spend between an extra $20,000 to $40,000 on a new car to save $1,000 per year
I am 78 years old and the chances of me driving another 20 to 40 years are about Nil.
The projected "saving" does not come even close to covering the cost difference by me replacing my car
Does not make economic sense to me.
Please explain to me how anyone can buy into this statement by our esteemed minister Bowen
GrumpyOldMan
 
James, this is only raising Australian emission standards to fall in line with most of the rest of the world. The only two nations with inferior emission standards are Australia and Russia. Australia and Russia have long been dumping grounds for new vehicles that do not meet the emission standards of the rest of the world. Russia also manufactures vehicles with lower emission standards, for local consumption.
An anomaly is that luxury vehicles imported into Australia are taxed accordingly as "Luxury Vehicles". However, those paying for them are receiving a vehicle that has inferior emission criteria to those sold elsewhere. The dilemma is: Are we going to find that vehicle prices rise due to the higher emission standards required, or as I see it: There should be no increase, as the new vehicles will be the same as those sold elsewhere at present. Apparently, the vehicles are similarly priced at present, either low or high emission standards.
 
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If you believe in Chris Bowen and his BS you are prone to believe in the Fairies.
He told us that he was going to reduce our costs of the energy we use whether it be in the fuels we use and in the power we all need but guess what, the costs have gone up exponentially and it never seems to stop either.
Tell us one thing that you have been able to achieve (Without forcing more higher costs upon us instead ) to give us some reliefs.So good luck with your BS Mr. Chris Bowen. You are simply basing your comments on what the USA are proposing to do NOTHING OF YOUR OWN Copy Cat.
And let it be know that you Mr. Chris Bowen have failed in every single one of the Ministerial positions/portfolios you have held ever since you have entered Parliamnet and whether it be in Governmnet and/or in opposition.
Can you please prove me wrong Mr. Chris Bowen.?? I will wait for you response although I will not hold my breath.
AND NO, let it be clear that I am 100% Apolitical meaning that I couldn't give a damn as to who is in Governement as IMHO they are all tarred with the same brush. But I do like to call them out when all they are doing is lying, lying, and more lying.
 
It is already proven at current state that total cost of ownership of electrical car is bigger than traditional petrol/diesel car.
And they are very unreliable too, IF THEY DON'T CATCH FIRE.
 
I seem to be missing something. Maybe it's my mind but what are the new fuel efficiency standards?
That's a secret. That is why they telling us something without any proofs whatsoever that what they are saying is actually gospel. More lies and plenty of BS to the gullible and the blindfolded.
 
its a crock of shit, electricity prices are skyrocketing and their is stuff all recharging points , so will be keeping my old clunker that gets 880 + KLMS before refueling
 
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I don’t buy this idea. It’s one thing to switch to hybrid and ev technology but do we have the charging stations ready to go? Certainly not yet. How much will it cost to do this do we have the power to supply the increased demand for electricity to charge ev’s in numbers. Likely the ailing existing grid network will require additional upgrades.
And maintenance of ev’s is a consideration. Not cheap by all accounts. And how often will batteries need to be replaced?
Finally what will be the cost of recycling or disposing of dead batteries ? Who pays?
I believe more efficient and economical cars engines are a far more sensible way of saving money for consumers. Plus the fuel excise levy could be lowered.
Australia has plenty of oil and gas reserves so producing our own fuels makes sense AND gives us the security of self reliance.
EV’s are coming so let them come at their own pace. We do not have to rush a push towards them before fixing the infrastructure needed to support them.
Don't worry about the costs. Bowen (Monkey Casanova) will find a way to tax you some more because what he is spending now with Taxpayers money is not good enough for him.
Ask him as to why he has changed the fuel levy reduction which Scott Morrson introduced as a relief to the high costs of fuels at the bowser.?
Yep, from memory that was about 20 or 25 cents per litre which everyone wasn't paying anymore but in came ALBO and Bowen and bingo that 20 to 25 cents per litre relief was quickly put back on.
 
Does Australia actually have the quality fuel required to run these vehicles? If not then it is a nothing policy!
Don't worry mate just believe on the crap that Bowen is telling us. He has it all sorted out as he did in every previous portfolio he held. Hahahaha
 
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I've just bought a new petrol car. It never even crossed my mind to buy an electric one.
And so did I. A diesel Prado. never even thought about an EV. Besides where I live and travel and EV would be suicide to own with nowhere to charge let alone the reliability of it all.
 
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James, this is only raising Australian emission standards to fall in line with most of the rest of the world. The only two nations with inferior emission standards are Australia and Russia. Australia and Russia have long been dumping grounds for new vehicles that do not meet the emission standards of the rest of the world. Russia also manufactures vehicles with lower emission standards, for local consumption.
An anomaly is that luxury vehicles imported into Australia are taxed accordingly as "Luxury Vehicles". However, those paying for them are receiving a vehicle that has inferior emission criteria to those sold elsewhere. The dilemma is: Are we going to find that vehicle prices rise due to the higher emission standards required, or as I see it: There should be no increase, as the new vehicles will be the same as those sold elsewhere at present. Apparently, the vehicles are similarly priced at present, either low or high emission standards.
So, and according to you, we are just like sheep following the leader when he jumps off the cliff all the rest of the sheep will follow. That is the usual with sheep.
Why are we following the rest of the world when it is obvious that they don't do the right thing to their constituents and if they do it is because they have no alternatives.
Besides, tell me how much undeground oil and gas reserves some of those countries going towards EV have. NIL, NOTHING, OR PRACTICALLY ZILCH.
Yes, as such they are forced to but we don't have to, as we have all the energy we want and even enough to export it.
 
This Bowen yoyo is a pretty unimpressive character at the best of times, but this one is a blinder!
How many years, Dear Minister, will it take for Mr Average Car Buyer to break-even on this? I suggest "an infinite number", analogous to the "Infinite Number Of Monkeys at an Infinite Number of Typewriters", which in the case of the Policy Announcement might accurately describe its authorship?
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The only thing, well not the “ONLY”thing is , not only will all running and repair costs be substantially higher, a standard comfortable modern, fuel efficient petrol car is going to set you back around $50 K to $60 K whereas a new electric car with all the added extra repair and maintenance costs is going to set you back closer , for the equivalent car, around $100K. That would take around 40 years to recoup the initial investment. I have just purchased a top of the range Mazda CX5 and if it is good as my last Mazda petrol car, it will probably see m out. Where all these extra charging stations will come from is another element to consider when throwing this information out.
 
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The only thing, well not the “ONLY”thing is , not only will all running and repair costs be substantially higher, a standard comfortable modern, fuel efficient petrol car is going to set you back around $50 K to $60 K whereas a new electric car with all the added extra repair and maintenance costs is going to set you back closer , for the equivalent car, around $100K. That would take around 40 years to recoup the initial investment. I have just purchased a top of the range Mazda CX5 and if it is good as my last Mazda petrol car, it will probably see m out. Where all these extra charging stations will come from is another element to consider when throwing this information out.
Fully agree. And yes where are all the EV charging stations coming from.?? Will there be any in the middle of the Pilbara and many other places in the middle of nowhere.?
And yes congratulation on the purchase of your new Mazda CX5. Good choice.
 
Except the fuel excise rose on Feb 1st and will again on August 1st meaning you saving will go down accordingly, if you fill up once a week you pay around $1500.00 in tax, seems fare ???
 
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