From 1 July, the New Vehicle Efficiency Standards (NVES) came into full effect, with all covered vehicles entered on to the RAV counting towards Regulated Entities interim emission value for the year.
The development work over the last 12 months since the legislation passed has been a significant project for brands, and we recognise that members have put significant time, money and resources towards preparing for the NVES to commence.
Since the passage of legislation, we have seen the market continue to develop with more than 100 unique models of BEV, and more than 50 unique PHEVs supplied into the market. It will be an intriguing time to see how consumers sentiment continues to influence market developments.
Members are encouraged to reach out to the FCAI if they have any questions or encounter any issues relating to the NVES throughout implementation.