The New Vehicle Efficiency Standard (NVES) Regulator has released results for the first compliance period of the NVES. The data covers July to December 2025, the only six-month compliance period under the scheme, and provides members with an early indication of performance against the 2025 targets and broader market trends.
At an industry level, the Australian automotive market met the 2025 NVES targets. The industry achieved results 21 per cent below the Type 1 target and 7 per cent below the Type 2 target, meaning performance exceeded the required thresholds.
Of the 59 regulated entities that imported vehicles captured by the NVES, 40 exceeded their targets and were issued credits, while 19 recorded debits that must be addressed within the next two years. In aggregate, this has resulted in a net surplus of 15.9 million credits entering the system.
While the 2025 results demonstrate strong early alignment with the framework, the significantly lower 2026 targets will increase compliance pressure. Type 1 vehicle targets fall to 117g/km, 17 per cent lower than in 2025, while Type 2 targets fall to 180g/km, 14 per cent lower than in 2025. These settings will require continued adjustment of model mix and sales strategies.
Further detail is available on the NVES Regulator website.