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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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Markets brace for pivotal week following renewed US-China trade talks

Global markets brace for US-China trade talks, earnings, and inflation data impacting investor sentiment and central bank outlook.

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Global markets brace for US-China trade talks, earnings, and inflation data impacting investor sentiment and central bank outlook.


Global markets prepare for a critical week as US–China trade talks, major earnings, and inflation data could shift investor sentiment and central bank expectations.

Kyle Rodda from Capital.com breaks down the key risks and opportunities.

#GlobalMarkets #USChinaTrade #Inflation #EarningsSeason #Investing #FederalReserve #AUD #Tesla #Netflix #MarketUpdate


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Global markets steady ahead of CPI

Global equities stay strong near record highs as investors await US CPI data to assess central bank decisions.

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Global equities stay strong near record highs as investors await US CPI data to assess central bank decisions.


Global equities remain resilient, with Wall Street, Europe, and Asia near record highs as investors eye Friday’s US CPI data to gauge central bank moves.

Market watchers note cautious optimism amid ongoing volatility.

#GlobalMarkets #CPI #WallStreet #Equities #Investing #CentralBanks #RBA #Fed #USMarkets #MarketUpdate


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US sanctions Russia’s top oil giants

US sanctions on Rosneft and Lukoil aim to pressure Moscow amid oil price surges; impact depends on enforcement.

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US sanctions on Rosneft and Lukoil aim to pressure Moscow amid oil price surges; impact depends on enforcement.


The US has imposed new sanctions on Rosneft and Lukoil, aligning with Europe to pressure Moscow amid rising oil prices and global market tensions.

Analysts warn the real impact will hinge on enforcement and international response.

#Russia #USSanctions #Rosneft #Lukoil #OilMarkets #Geopolitics #EnergyCrisis #DonaldTrump #EU #GlobalTrade #Moscow


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