Already a subscriber?Climate Change Minister Chris Bowen is set to tinker with proposed vehicle emission rules after the Biden administration announced it would give US car makers more time and production flexibility to meet standards that Labor says are a model for Australia.
Mr Bowen and Transport Minister Catherine King last month unveiled their preferred NVES model, which they said was aimed at converging with the US equivalent by forcing a 60 per cent reduction in average emissions across the new car fleet by 2030.
Once US consumer subsidies and lower operating costs for EVs and low-emissions vehicles are considered, the benefit to the average American buyer under the changes will be about $US6000 over the life of a car. The standards will avoid more than 7 billion tonnes of planet-warming carbon emissions over the next three decades and provide almost $US100 billion in annual net benefits, the EPA said.
“It’s significantly different from the unworkable plan the Biden administration originally announced about a year ago,” he said.
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