Part 1/8:
The Future of Emissions Regulations in Australia: Impacts on the Automotive Industry
As the world shifts focus toward sustainable practices, emissions regulations are becoming increasingly stringent across various regions. Europe has already seen drastic changes, compelling manufacturers to consider alternatives such as paying carbon credits to companies like Tesla and Volvo. Unfortunately for many legacy automakers like Toyota and Nissan, this shift has led to significant fines for not selling enough electric vehicles—a situation just starting to unfold in Australia, with experts predicting a potential cost of $2.8 billion to car manufacturers by 2029.