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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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Boeing’s bad luck continues following Starliner malfunction

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Long-awaited first crewed test flight of the new Starliner space capsule was called off over a technical issue that launch teams could not resolve in time.

Originally scheduled for liftoff from Florida’s Kennedy Space Center, the mission aimed to demonstrate Starliner’s capabilities and certify it for regular crewed flights to the ISS, as reported by Reuters.

 

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Will Australia’s foreign investment rule create an economic boost?

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Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

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Is Russia planning a sabotage across Europe?

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Intelligence agencies across Europe have issued warnings of a potential plot orchestrated by Russia aimed at sabotaging key infrastructure and destabilising nations.

On this episode of Hot Shots – Russia could be planning a sabotage across Europe, Trump is facing jail, a painting valued over ten million is discovered and Beoing look to ignite the commercial space race.

Ticker’s Ahron Young & Veronica Dudu join to discuss.

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