MG Motor Australia Supports Proposed New Vehicle Efficiency Standard

How will the proposed New Vehicle Efficiency Standard impact car manufacturers and consumers alike?

MG Motor Australia has expressed strong support for the Australian Government’s preferred option for the proposed New Vehicle Efficiency Standard (NVES). The company believes that this standard will not only benefit consumers with cleaner and more affordable cars but also contribute to reducing emissions and creating healthier neighborhoods. MG plans to offer electric or hybrid options in every segment it competes in, further aligning with the NVES initiative. Let’s delve into the details.

MG Motor Australia CEO Peter Ciao expressed full support for the Australian Government’s preferred option for the New Vehicle Efficiency Standard (NVES). He believes that with most of the international car market already subject to fuel efficiency standards, Australia’s move towards cleaner and more affordable cars is a positive step. Not only will this standard benefit customers facing rising living costs, but it will also aid MG’s extensive dealer network in reducing emissions in their local communities.

The company has already made significant strides towards offering electric and hybrid options. MG currently offers the electric MG 4, ZS EV, and the plug-in hybrid HS Plus EV. In July, they plan to launch the new-generation MG 3, which will include a hybrid variant. Additionally, MG has confirmed the introduction of the electric Cyberster convertible for the Australian market.

The NVES aims to set targets for carmakers’ average CO2 emissions per kilometer across their vehicle fleets. Over time, these targets will become stricter, thus promoting the development and availability of lower or zero emission vehicles. The Government has proposed three potential options: Option A, which is a slower start; Option B, described as ‘strong, ambitious and achievable’; and Option C, an ‘aggressive’ approach.

MG’s preferred option aligns with the Government’s Option B, where carmakers face penalties of $100 per g/km over their target. This option also rewards carmakers that meet or beat their CO2 targets with credits. However, missing the targets would require either trading credits, making up for it over a set period, or paying a penalty. The NVES would have two vehicle categories: passenger vehicles and SUVs, and utes, large pickups, and vans.

Manufacturers like Toyota, Ford, and Volkswagen have voiced their support for an emissions scheme but have called for amendments to the Government’s proposed Option B. They suggest incorporating elements from Option A, which offers more flexibility in pooling credits with other brands and providing ‘super credits’ for electric vehicles and plug-in hybrids.

• MG Motor Australia strongly supports the proposed NVES
• The company plans to offer electric or hybrid options in every segment it competes in
• The NVES will set targets for average CO2 emissions and encourage the development of lower or zero emission vehicles
• The Government’s preferred option includes penalties for carmakers that fail to meet the CO2 targets
• Manufacturers like Toyota, Ford, and Volkswagen support the emissions scheme but seek amendments

The proposed New Vehicle Efficiency Standard is receiving strong support from MG Motor Australia, as it aligns with the company’s goals of providing cleaner and more affordable cars to consumers. MG plans to offer electric or hybrid options across all segments of competition. While the NVES will set targets for average CO2 emissions, it also encourages car manufacturers to develop lower or zero emission vehicles. As more manufacturers express their support for an emissions scheme, potential amendments to the current proposal are being discussed. Ultimately, the NVES aims to create a more sustainable automotive industry in Australia.