The National Electric Vehicle strategy aims to increase Australia’s electric vehicle uptake, which made up only 2% of Australian automotive sales in 2021, to reduce transport sector emissions in line with Australia’s climate goals. A key policy in the strategy is the introduction of an Australian fuel efficiency standard for vehicles, a CO2 standard. Australia is currently the only country in the OECD without mandatory fuel efficiency standards for road transport.
The consultation on the National Electric Vehicle Strategy (NEVS) was released in September 2022. It proposed making electric vehicles more affordable, expanding their uptake and sought views on how fuel efficiency standards could be implemented in Australia, alongside other policies such as electric vehicle purchase incentives. The government asked for feedback on such policies, with consultation responses finalized by October 2022, with further consultations likely to take place in 2023.
Following this, a consultation on the Fuel Efficiency Standard was released in April 2023, with the full responses published in August 2023. The consultation proposed introducing the first-ever fuel efficiency standard in Australia and sought feedback on the design of a standard. This includes the overall CO2 targets suggested, the emissions reduction trajectory, and the use of flexibility mechanisms such as off-cycle, air conditioning, and multiplier credits that may weaken the stringency of a standard. Further key policy decisions are likely to be made later in 2023 and early 2024.
InfluenceMap will continue to track the development of the reforms in 2023 and will update this page to reflect any policy developments.
Energy Transition & Zero Carbon Technologies; GHG Emission Regulation
Under development
Energy Transition & Zero Carbon Technologies; GHG Emission Regulation
Under development
The table below lists the entities found to be most engaged with the policy. InfluenceMap tracks over 450 companies and 250 industry associations globally. Each entity name links to its full InfluenceMap profile, where the evidence of its engagement can be found.
Influencemap Performance Band | Organization | Engagement Intensity | ||
---|---|---|---|---|
D | Toyota Motor | 40 | Automobiles | Asia |
C | BP | 64 | Energy | Europe |
C | Woolworths Ltd | 11 | Consumer Staples | Oceania |
C- | Origin Energy | 46 | Energy | Oceania |
C+ | Westpac Banking Corporation | 26 | Financials | Oceania |
C+ | Macquarie Group | 23 | Financials | Oceania |
C+ | AGL Energy | 41 | Utilities | Oceania |
C- | Shell | 66 | Energy | Europe |
D- | ExxonMobil | 53 | Energy | North America |
D- | Newcrest Mining | 6 | Metals & Mining | Oceania |
C+ | Insurance Australia Group | 13 | Financials | Oceania |