Australia Sets New Fuel Efficiency Standards to Align with US by 2028

The Australian government announces ambitious fuel efficiency standards for new vehicles, aiming to significantly reduce carbon emissions and fuel consumption.

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.