Electric Vehicle Council
In 2028 and 2029, under current assumptions, the market is projected to emit more CO2 than the target, but would be able to offset this gap with surplus credits accrued in 2025-2027 (even after accounting for credits expiring three years after accrual.)
Key Facts:
Using S&P Global Mobility’s new car market forecast, shows the Australian market is actually already on track to meet the government’s preferred New Vehicle Efficiency Standard (NVES) targets.
In 2028 and 2029, under current assumptions, the market is projected to emit more CO2 than the target, but would be able to offset this gap with surplus credits accrued in 2025-2027 (even after accounting for credits expiring three years after accrual.)
/Public Release.
