Already a subscriber?Amid the sometimes wild theatrics of question time, Jim Chalmers has become quite the master at helping Anthony Albanese out of sticky spots.
That aside, given all that is going on with utes at the moment, Albanese was obviously unsure whether the FBT exemption was safe or on the chopping block. With three minutes allotted for his answer, he proceeded to waffle.
The brief exchange was a timely reminder that as the government finalises its new clean fuel policy, known as the, those vehicles most in the crosshairs are the same ones governments of both stripes have encouraged people to buy for the past decade or so. Bowen and King announced their preferred Option B policy in February and said the changes would start in less than a year, on January 1, 2025.The political danger with such an ambitious trajectory was two-fold. First, if manufacturers could not adapt their new car fleets quickly enough to meet emissions targets, the price of existing vehicles would rise as a consequence of them having to pay fines or buy credits to meet the caps.
Overnight Wednesday, as forecast, US President Joe Biden watered down his scheme further because it was considered too onerous. Although the US end-targets for 2032 remain unchanged, the trajectory from 2027 to 2032 has been softened and more concessions granted.
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