The Federal Chamber of Automotive Industries (FCAI) welcomes the certainty provided by the passage of the New Vehicle Efficiency Standard (NVES) Bill through Federal Parliament.
This legislation provides the framework for the transition to a low and zero-emission future for Australia’s automotive industry, ensuring clarity for both the industry and consumers.
Chief Executive of the FCAI Tony Weber said the focus must now be on ensuring that all Australians continue to have access to the vehicles that meet their lifestyle and needs, at prices they can afford.
“We recognise the challenges for industry in meeting the ambitious targets and ensuring Australian motorists have access to the vehicles they love and want to drive,” Mr Weber said.
“We are pleased to see the investment of more than $150 million towards NVES implementation in this week’s Budget. It is vitally important that on 1 January 2025 when this policy is enacted, the administration of this scheme operates effectively.
“We intend to work closely with the Government and our members on the design and implementation of this scheme. Working together will be essential in addressing any challenges and to ensure that the transition benefits all Australian businesses and families and we remain on a pathway of emissions reduction,” he said.