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Australia’s ‘Preferred Model’ hints a new rise of Electric Cars

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Australia (Commonwealth)_Australia, on Sunday, revealed its “preferred model” for new vehicle emission standards, marking a significant step toward finalizing regulations aimed at promoting the adoption of electric cars. The proposed standards align with those established by most developed economies globally, emphasizing the country’s commitment to addressing climate change and enhancing environmental sustainability.

The roadmap to fuel efficiency standards, initiated by the center-left government that assumed power in 2022 with a mandate for climate policy reforms, has been a key policy in fostering a transition to electric vehicles (EVs). Australia, apart from Russia, stands as the sole developed nation currently without established or developing fuel efficiency standards, according to the Labor government.

The government’s “preferred model,” disclosed on Sunday, leans towards an option that aims to align Australia with U.S. standards by 2028, promising optimal cost-benefit outcomes for Australian consumers. The proposed standard, slated for implementation from January 1, 2025, is anticipated to result in significant fuel cost savings for motorists, amounting to an estimated A$100 billion ($65 billion) through the year 2050, as highlighted by Energy Minister Chris Bowen in an official statement.

Bowen emphasized the overarching goal of the proposed standards, stating, “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.” The move reflects a strategic effort to modernize the country’s vehicle fleet and align with global trends favoring sustainable and eco-friendly transportation options.

Despite achieving record-high electric vehicle (EV) sales in 2023, as reported by the country’s automotive association, Australia continues to witness a dominance of emissions-intensive trucks and sports utility vehicles (SUVs) in the light vehicle segment. The proposed standards are positioned to encourage manufacturers to increase the production and availability of EVs, fostering a more diverse and environmentally conscious automotive market.

Transportation stands out as one of Australia’s major contributors to greenhouse gas emissions, and a significant shift towards electric vehicles is integral to the government’s commitment to reduce emissions by 43% by the year 2030. The proposed standards, if implemented, are expected to play a pivotal role in achieving this ambitious target and reinforcing Australia’s position in the global movement towards sustainable and low-emission transportation.

The government’s announcement underscores the broader global push for stringent emission standards and the widespread transition to electric mobility. By aligning with U.S. standards, Australia aims to harmonize its regulations with those of other developed nations, facilitating international cooperation in addressing climate change and promoting a more sustainable automotive industry.

In conclusion, Australia’s unveiling of its “preferred model” for vehicle emission standards represents a crucial step towards embracing a more sustainable and environmentally conscious automotive landscape. The proposed standards, if adopted, not only align with global benchmarks but also signify the government’s commitment to fostering a transition to electric vehicles and achieving significant reductions in greenhouse gas emissions from the transportation sector. As the nation moves closer to finalizing these regulations, the automotive industry and consumers alike anticipate a transformative shift towards a greener and more sustainable future on Australia’s roads.

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