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