<ul><li>Australia's new-car market is a focus for the major parties in the election campaign.</li><li>The Coalition plans to abolish penalties for carmakers under the New Vehicle Efficiency Standard if elected.</li><li>Opposition members have criticized the government's claim that prices won't rise due to emissions regulations.</li><li>The NVES, effective from January 1, 2025, imposes penalties on carmakers for exceeding CO2 targets.</li><li>The legislation aims to reduce carbon emissions by setting yearly targets for different vehicle types.</li><li>Carmakers can earn emissions credits by meeting and exceeding fleet-wide targets.</li><li>The Coalition opposes the NVES, accusing it of being a tax on cars and utes.</li><li>The Electric Vehicle Council criticizes plans to remove fines from the efficiency standard, claiming it would limit fuel-efficient vehicle options for Australians.</li><li>There is debate regarding whether NVES penalties will lead to increased car prices, with conflicting opinions from industry figures and politicians.</li><li>The NVES penalties are set to take effect on July 1.</li></ul>

Opposition to axe government’s new-car emissions fines – report

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