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EV legislation sees more vehicles hit roads to battle cost of living

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In a pivotal step for environmental sustainability, the government announced fuel efficiency standards on Sunday, targeting cost-of-living benefits.

Despite lagging behind other countries, these standards aim to boost lower CO2 vehicle supply, especially EVs, with a goal of reducing CO2 emissions by 60% by 2029. Major car companies currently prioritise cleaner models for nations with strict CO2 targets, leaving Australia with less efficient options.

The proposed standards, effective from January 1, 2025, received broad support but faced mixed industry responses. While the EV lobby endorsed it, the dealer group expressed concerns about swift implementation.

The motor trades association sought a middle ground, emphasising EV technician training, and the car company representative body had reservations.

The delay in adoption is criticised, citing that 85% of global vehicle sales adhere to similar standards. It has been highlighted that there will no doubt be challenges for companies, especially with larger vehicles, foreseeing potential price increases. Despite hurdles, the author stresses the need to avoid becoming a dumping ground for inefficient vehicles.

 

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Why Australia is becoming the new home of the Hollywood blockbuster

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Australia’s multimillion-dollar campaign to attract Hollywood productions to its shores appears to be paying off.

The allure of Australia lies not only in its picturesque locations but also in its competitive financial incentives.

The government offers generous rebates and tax breaks to international productions, making it an attractive proposition for filmmakers looking to maximise their budgets.

Despite the recent intake of Hollywood productions down under such as ‘The Fall Guy’ and ‘Furiosa: A Mad Max Saga’, Aussie independents are still finding the space to carve their own creative path.

Rob Fantozzi joined the program to discuss the latest in Hollywood, and showcased his own upcoming project – ‘Omerta‘. #featured

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Portal between countries shut down after international flashing

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An international video portal has been forced to shut down after an OnlyFans model reportedly flashed passersby from across the globe.

On this episode of Ahron and Mike Live – Which would you prefer; pay rise or work perks, an international portal closes, the military reveal a submarine stingray and are you on a top or bottom burger bun?

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

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U.S. home prices surge 47%

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American home prices are rising at faster pace now than in the last 20-years.

A recent analysis reveals a jaw dropping surge in the cost of American homes.

Since the start of 2020, U.S. home prices have surged 47% easily outstripping the gains seen in recent decades.

On top of that, home price growth so far this decade is on the verge of surpassing all the growth seen in the 2000s.

Many experts believe this decade’s housing market frenzy was ignited by a perfect storm — the onset of the COVID-19 pandemic triggering an unprecedented rush among buyers.

Tom Hutchens, the Executive Vice President of Production at Angel Oak Mortgage Solutions joins Veronica Dudo to discuss.

#IN AMERICA TODAY #economy #housing #housingmarket #homeprices #homesales #inflation #trending

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