Fuel Costs: European Standards and Environment Minister

fuel costs: Fuel efficiency standards would be tightened, bringing Australia in line with European standards, in a move that the Environment Minister says will save up to 65 million tonnes of greenhouse gas emissions by 2030, according to Australian Broadcasting Corporation. The move could save motorists more than 500 in fuel costs a year by 2025, but a peak motoring group has warned the tougher standards could also drive up the cost of purchasing new cars and trucks, questioning the testing regime used to determine vehicle emissions. Gary Rivett Related Story Australian cars dirtier than previously thought research Map Australia New vehicles in Australia would have to be cleaner and more fuel efficient following a number of proposals being considered by the Federal Government. Three draft proposals have been released by the Federal Government, with consultations to close in March 2017. By requiring global automotive manufacturers to supply vehicles in Australia with more fuel efficient engines as they are now doing in many other countries these new standards could cut consumer fuel spending by up to 28 billion by 2040, the statement read. In a joint statement, Environment Minister Josh Frydenberg and Urban Infrastructure Minister Paul Fletcher said it would go towards meeting Australia's obligations under the Paris climate change agreement. (news.financializer.com). As reported in the news.