New Vehicle Efficiency Standard Act 2024

establish a vehicle emissions standard covering certain vehicles, that will:

create economic incentives for the manufacturers and suppliers of such vehicles to provide models to the Australian market that emit less carbon dioxide; and

provide consumers in Australia with a choice of vehicles that meet their work and lifestyle needs while also meeting the environmental expectations of the community; and

be transparent, flexible and able to be calibrated over time according to policy needs; and

be robust and based on the best available evidence and data; and

reduce carbon dioxide emissions in the transport sector, thereby contributing to the achievement of Australia’s greenhouse gas emissions reduction targets; and

give effect to certain obligations that Australia has as a party to the following:

the Climate Change Convention;

the Kyoto Protocol;

the Paris Agreement.