New Vehicle Efficiency Standard Act 2024
3Objects of this Act
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3 Objects of this Act
The objects of this Act are to: (a) establish a vehicle emissions standard covering certain vehicles, that will: (i) create economic incentives for the manufacturers and suppliers of such vehicles to provide models to the Australian market that emit less carbon dioxide; and (ii) 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 (iii) be transparent, flexible and able to be calibrated over time according to policy needs; and (iv) be robust and based on the best available evidence and data; and (b) reduce carbon dioxide emissions in the transport sector, thereby contributing to the achievement of Australia’s greenhouse gas emissions reduction targets; and (c) give effect to certain obligations that Australia has as a party to the following: (i) the Climate Change Convention; (ii) the Kyoto Protocol; (iii) the Paris Agreement.