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8 passenger vehicles 201012/12/2023 As a crucial part of the strategy, a Fuel Efficiency Standard is expected to be introduced in due course.īetween 20, the average annual reduction in specific fuel consumption (measured in litres of gasoline equivalent per 100 km ) was 1.3%, thanks to improvements in conventional engines and hybridisation. Australia announced its first National Electric Vehicle Strategy in 2023, aiming to reduce emissions and make EVs more affordable.Additionally, in April 2023, the Environmental Protection Agency (EPA) announced the “Multi-Pollutant Emissions Standards for Model Years 2027 and Later Light-Duty and Medium Duty Vehicles”. The market for electric cars is expected to keep growing, spurred on by the recent Inflation Reduction Act (IRA), which provides a new tax credit for the purchase of EVs. In the United States, electric cars reached a new record market share of nearly 8% in 2022, up from less than 5% in 2021.In addition, low-emission zones (areas that charge fees on or otherwise restrict the operations of high-emitting vehicles) are becoming more prevalent in the region, which could potentially incentivise the adoption of electric vehicles (EVs) in the future. In 2023 the European Union announced stricter CO 2 emission standards for cars and vans to ensure carbon neutrality by 2050.Countries and regions making notable progress in reducing the emissions of cars and vans include:
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