New Vehicle Efficiency Standard locked in, not as strong as hoped but better than nothing

The government has finalised a plan for the New Vehicle Efficiency Standard. This factsheet explains how "for each vehicle that a supplier imports that miss the target, the supplier will have to offset this over two years by bringing in less-polluting cars, or by buying credits. If they don't, they'll need to pay a penalty" and "for each vehicle that a supplier imports that beats the target, the supplier earns credits". Unfortunately the 3 most popular vehicles in Australia - Hilux, Ranger and D-Max are in the Light Commercial Vehicle class and have weaker standards, so not much will change there for many years, but we should see more cars and SUVs with modern engines, more hybrids and way more EVs imported to Australia now that there's some incentive to actually do so.