Nexa Advisory shares its submission to the Federal Government’s Fuel Efficiency Standard (FES) consultation paper. We commend the government’s proactive stance on acknowledging the necessity of a mandatory FES and offer comprehensive insights on policy measures to support this endeavor.
Our recommendations focus on fleet policies, bolstering the second-hand EV market, supporting low-income households, ensuring access to charging infrastructure, and keeping pace with global EV policy trends. We urge the Australian Government to establish globally competitive standards and facilitate equitable access to EVs, thereby fostering rapid decarbonisation in the transport sector.
This key transition can significantly contribute to Australia’s commitments under the Paris Agreement and inspire technological advances in various industries.