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Market Scan – Issue 12 | May 2024

MARKET INSIGHT: FEW LOSERS IN UTE SEGMENTS

Strong utility sales in T1, but not all light commercial entrants enjoy equal success

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NEW VEHICLE EFFICIENCY STANDARD PASSES FEDERAL PARLIAMENT

The Federal Chamber of Automotive Industries (FCAI) welcomes the certainty provided by the passage of the New Vehicle Efficiency Standard (NVES) Bill through Federal Parliament.

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LAST WAVE OF TRUCK COUNTING CAMERAS DEPLOYED IN NSW

The final batch of ‘machine learning’ truck counting and classification cameras in NSW are being rolled out in the state’s north and west.

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TESLA SLASHES PRICES IN AUSTRALIA FOR THIRD TIME IN TWO MONTHS, UP TO $5000 OFF MODEL Y, MODEL 3

The top-selling Tesla Model Y is now cheaper than a Toyota RAV4 Hybrid in Australia after the third price cut in two months.

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VEHICLE-DEPENDENT AREAS REWARDED FOR SAFE DRIVING

Motorists in some of the most car-reliant parts of NSW, including western Sydney and the Central Coast, are benefiting most from the first year of the NSW Government’s demerit point return trial that rewards safe driving.

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EV EXPLAINER: CHARGING YOUR ELECTRIC VEHICLE WITH EXCESS SOLAR POWER

According to an Ausgrid customer survey from 2020, some 60 per cent of households with EVs also own solar systems, much higher than average solar adoption rates.

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TRUCKSHOWX BRINGS THE TRANSPORT AND EV ECOSYSTEM TOGETHER

The rooms were packed with delegates and the carpark full of electric, hybrid and hydrogen powered trucks at the very first edition of TruckShowX being held at the RACV Cape Schanck Resort in Victoria.

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NEW ADR MANDATES LOUDER EV SOUNDS FOR SAFETY

The Federal Government has announced a new design rule requiring electric vehicles (EVs) to emit sound while traveling at low speeds beginning November 2025.

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MORE VOLKSWAGEN PLUG-IN HYBRIDS COMING TO AUSTRALIA

Upcoming emissions standards for new vehicles have placed plans for a range of plug-in hybrids back on the table for VW in Australia.

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DECARBONISATION GAP BRIDGED BY HYBRIDS: HINO

Hino Australia pushes hybrid trucks as stepping stone on decarbonisation journey

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HYUNDAI ADDING CHEAPER FAMILY SUV: 2025 HYUNDAI SANTA FE PETROL LOCKED IN TO JOIN HYBRID VERSION AS IT HUNTS DOWN THE TOYOTA KLUGER, KIA SORENTO AND GWM TANK 500

Hyundai’s bold looking seven-seat Santa Fe family SUV is preparing to land in Aussie showrooms.

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PRODUCTION OF ELECTRIC TOYOTA HILUX SET FOR LATE 2025

Toyota has confirmed it will begin manufacturing an electric HiLux ute by late 2025, initially targeting the Thai market, with potential for exports.

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CHERY TIGGO 4 SMALL SUV COMING TO AUSTRALIA

Chery will bring the Tiggo 4 small SUV to Australia by year’s end

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AU GOV’T ROLLS OUT UPDATED GREEN FLEET POLICY

The Australian Government has recently updated its fleet vehicle selection policy to reduce carbon emissions and to help meet its environmental targets.

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