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Speaker 1: If the government promising imported new and newsed vehicle is

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Speaker 1: going to get cheaper. They're cutting charges relating to the

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Speaker 1: clean car standards by almost eighty percent. Now you remember

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Speaker 1: these standards they brought into encourage importers to bring in

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Speaker 1: evs and cleaned cars. Turns out we're not actually buying them.

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Speaker 1: Chris Bishops to Transport Minister, good evening, Good evening, So

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Speaker 1: can you give us you're doing this quickly and urgently.

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Speaker 1: What's the quick fix? Four?

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Speaker 2: Well, the standard gets tighter on the first of January

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Speaker 2: twenty twenty six, so unless we act, there will be

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Speaker 2: potentially one hundreds, if not thousands of dollars added to

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Speaker 2: the cost of new and imported cars. The clean car

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Speaker 2: standards started in twenty twenty three. It's a previous government thing.

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Speaker 2: We changed it in twenty twenty four to bring it

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Speaker 2: into line with Australia, to essentially soften it a bit,

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Speaker 2: make it easier for people to comply with. But unfortunately,

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Speaker 2: over the last eighteen months or so, the bottom's falling

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Speaker 2: out of the EV market and the people who are

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Speaker 2: actually doing the imports actually can't get the supply of

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Speaker 2: evs and hybrids such that the scheme is going to fail.

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Speaker 2: So basically, unless we act, there's about two hundred and

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Speaker 2: sixty four million dollars worth of penalties that are currently

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Speaker 2: sitting on the box of car importers that will likely

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Speaker 2: be passed along to consumers through higher prices. So we

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Speaker 2: need to act, and we're going to do that quickly,

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Speaker 2: and it'll be done by the end of the year,

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Speaker 2: end of this week.

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Speaker 1: Are you wiping those penalties?

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Speaker 2: What we're doing is reducing the gets technical but we

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Speaker 2: are reducing the the per gram of CO two charge.

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Speaker 2: So look, basically, the way it works is if you

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Speaker 2: bring in a gas guzzler, you've got to offset it

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Speaker 2: with an EV, right, And if you bring in a

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Speaker 2: gas guzzler, you pay a penalty, and if you bring

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Speaker 2: in an EV you get a credit, and it's meant

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Speaker 2: to balance out over time. But what's happened is that

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Speaker 2: it hasn't worked out like that because people aren't bringing

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Speaker 2: enough evs and people aren't buying them. And also the

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Speaker 2: importers can't get the supply of the evs because you've

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Speaker 2: got supply constraints coming out of Japan. So you've got

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Speaker 2: all of these hoards who are sitting there with all

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Speaker 2: of these penalties that will end up being passed on

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Speaker 2: to consumers, in some cases by thousands of dollars per

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Speaker 2: car for quite common car brands. So we're going to

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Speaker 2: reduce the charge of CO two for new vehicles and

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Speaker 2: for used vehicles. We're going to extend the credits held

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Speaker 2: by importers through the December twenty twenty eight okay, and

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Speaker 2: a full review of the scheme.

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Speaker 1: Okay, I understand that. But if you what about penalties

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Speaker 1: they've already incurred for bringing in gas guzzlers that are

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Speaker 1: sitting on their books. What happens to that?

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Speaker 2: Well, the advice we've received is that over time, over

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Speaker 2: the next two years or so, the reduction in the

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Speaker 2: price per gram of CO two will allow people to

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Speaker 2: be made whole over the next couple of years, so

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Speaker 2: twenty six and twenty seven.

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Speaker 1: Okay, So they would just sit and deficit until it

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Speaker 1: balances itself out with more evs coming on stream.

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Speaker 2: That's the plan. And if you've got the credits don't

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Speaker 2: expire till thirty one December twenty twenty eight. This is

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Speaker 2: supported by the both news in the used car industry.

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Speaker 2: We've been working with them over the last few weeks

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Speaker 2: months to get it right.

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Speaker 1: So what does this mean? Does this mean we don't

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Speaker 1: care about the environment for screw?

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Speaker 2: Climate change doesn't mean that, It just means I mean, look,

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Speaker 2: every country in the OECD except for Russia, has a

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Speaker 2: clean vehicle standard or some type right, and actually the

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Speaker 2: car industry supports a clean vehicle standard. The issue is

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Speaker 2: just actually getting the details right. And the last guy's

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Speaker 2: labour's scheme was a disaster. If you think the numbers

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Speaker 2: look bad, now imagine what it would be if they

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Speaker 2: were still happening. We made some changes, but we're making

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Speaker 2: some further changes very quickly. The take home point for

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Speaker 2: people listening is that they're no longer going to be

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Speaker 2: slugged with potentially thousands of dollars of extra charges just

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Speaker 2: for buying a car next year.

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Speaker 1: All right, well, what's a car? A name of car

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Speaker 1: and how much will I save?

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Speaker 2: Well, for example, Toyota Hias for example, the maximum potential

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Speaker 2: savings on that one or fifteen hundred bucks, Toyota Highlux

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Speaker 2: one thousand, a red for two hundred and sixty bucks

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Speaker 2: for a new year, Celtos for three thousand, six hundred, Yeah,

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Speaker 2: for a new one.

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Speaker 1: Yeah, all right, yep, good to know, Chris Bishop, Transportmans

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Speaker 1: appreciate your time. For more from Hither Duplessy Allen Drive,

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Speaker 1: listen live to news talks it'd be from four pm weekdays,

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