RACQ welcomes commitment to fuel efficiency standards
Queensland’s peak motoring body has welcomed the Federal Government’s commitment to introduce a Fuel Efficiency Standard (FES), saying it will help bring Australia in line with the rest of the developed world.
RACQ’s Head of Public Policy Dr Michael Kane said the Government’s National Electric Vehicle Strategy, announced today, would make the country’s transition to electric vehicles more achievable and fairer for consumers.
“A fuel efficiency standard is important to increase the supply of electric vehicles and other fuel-efficient cars into Australia to meet consumer demand,” Dr Kane said.
“Australia is one of only two OECD countries still without a fuel efficiency standard which is causing our nation to become a dumping ground for high emission vehicles.
“If we were to continue without any standards, there would likely be a lack of supply and competition for cleaner cars and as a result, higher EV prices.
“Some of our members tell us that they are thinking of buying an EV in the next few years but a number of roadblocks are in the way, particularly when it comes to affordability and supply. A well-designed standard will help address this.
“The quicker we can increase the number of cleaner vehicles on the new-car market, the faster they will become available on the second-hand market, and that’s where we will see the real improvement on affordability and uptake.”
Dr Kane said the Club also welcomed the Government’s recognition that any new standards will need to address the diversity of transport needs across Australia, to ensure motorists have access to the vehicles they need for both work and leisure.
“We need to think about the technology, innovations and opportunities that could reduce the emissions in our light-commercial and 4wd fleet. This will need leadership to change what works for Australia,” he said.
RACQ looks forward to working with the Federal Government during the consultation phase and development of the Fuel Efficiency Standard.
To read RACQ’s submission to the National Electric Vehicle Strategy click here.
Related topics
-
The information in this article has been prepared for general information purposes only and is not intended as legal advice or specific advice to any particular person. Any advice contained in the document is general advice, not intended as legal advice or professional advice and does not take into account any person’s particular circumstances. Before acting on anything based on this advice you should consider its appropriateness to you, having regard to your objectives and needs.
Insurance products (excluding Travel Insurance) are issued by RACQ Insurance Limited ABN 50 009 704 152 (RACQ). Conditions, limits and exclusions apply. This is general advice only and may not be right for you. This information does not take your personal objectives, circumstances or needs into account. Read the PDS and any applicable Supplementary PDS before making a purchase decision on this product. You can also access our Target Market Determinations on this website.
Banking and loan products issued by Members Banking Group Limited ABN 83 087 651 054 AFSL/Australian credit licence 241195 trading as RACQ Bank. Terms, conditions, fees, charges and lending policies apply. This is general advice only and may not be right for you. This information does not take your personal objectives, circumstances or needs into account. Read the disclosure documents for your selected product or service, including the Financial Services Guide and the Terms and Conditions, and consider if appropriate for you before deciding.
Except for RACQ Bank, any RACQ entity referred to on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Cth). That entity’s obligations do not represent deposits or other liabilities of RACQ Bank. RACQ Bank does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise.
RACQ Operations Pty Ltd (ABN 80 009 663 414 AR 000234978) and Members Travel Group Pty Ltd (ABN 45 144 538 803 AR 000432492) are acting as an Authorised Representative of the issuer of the insurance, Tokio Marine & Nichido Fire Insurance Co., Ltd. (ABN 80 000 438 291 AFSL 246 548). Any advice set out above is general in nature only, and does not take into account your objectives, financial situation or needs. Before purchasing any travel products, please consider the RACQ Travel Insurance Product Disclosure Statement (PDS) and the Target Market Determinations (TMDs) that apply to these products. Whilst the PDS outlines the Terms and Conditions of these products, the TMDs outline the intended class of customers that comprise the target market for these travel products. This will allow you to consider which products best suit your objectives, financial situation and needs and consider the products appropriateness to your personal circumstances. TMDs also outline matters involving the distribution and the review of these products. The PDS, Supplementary PDS and TMDs for each travel product can be found here.