Dear supporters, thanks to your support, the government is making progress with fuel efficiency standards legislation. The policy designed to encourage more environmentally friendly transport in Australia could save consumers up to $10,000 over a car's lifetime.
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The research commissioned by the Electric Vehicle Council and the Climate Council also shows that "strong fuel efficiency standards will help Australia catch up to economies including the US, EU and New Zealand on EV use, significantly boosting supply into the market."
"The price for EVs would fall by an average of 2.8 per cent per year once the new standards come into force, driven by the falling cost of batteries, the report says, suggesting an effective standard would save consumers up to $10,000 over a vehicle’s lifetime."
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This finding further strengthens the case for new standards, not just for the environment but also consumers. I can't wait to see the legislation passed soon.