The Australian Government's New Vehicle Efficiency Standard (NVES) penalties started on July 1, aiming to reduce CO2 emissions, with penalties for automakers not meeting targets.
Mitsubishi Motors Australia's CEO supports sustainability efforts but questions the effectiveness of penalties in boosting EV sales, citing the need for broader measures.
The NVES requires manufacturers to adhere to CO2 limits with a focus on selling more low-emission vehicles like EVs and hybrids over time.
Mitsubishi prioritizes plug-in hybrid vehicles (PHEVs) and plans to launch an EV by 2026, highlighting challenges like infrastructure and practicality hindering EV adoption.