Today, the Albanese Government has released the first round of performance results for the New Vehicle Efficiency Standard (NVES).
These results show that overall vehicle emissions are reducing whilst vehicle choice and affordability is being maintained for Australian consumers.
Published by the NVES Regulator, the 2025 NVES performance results show strong engagement from vehicle suppliers in bringing cleaner and cheaper-to-run vehicles to Australia.
Since the NVES started in July 2025, a wide range of passenger and light commercial vehicles have entered the Australian market, from electric vehicles and hybrids through to utes and SUVs.
The competition in the vehicle market remains strong, with vehicles becoming cheaper in real terms last year, after adjusting for inflation.
The 2025 NVES performance results show:
- around two-thirds of regulated vehicle suppliers beat their emissions target
- a net surplus of 15.9 million NVES units, marking the start of a tradable unit market
- the average emissions for new light passenger vehicles beat the NVES target by 21 per cent
- around 12 per cent of vehicles covered by the NVES during the reporting period were electric and 88 per cent were internal combustion or hybrid.
Industry figures also show that low emission and zero emission vehicle sales have strongly increased during 2025.
The Albanese Government's NVES encourages investment in more efficient, cleaner and better vehicle technology whilst helping reach our 2030 and 2035 emission reduction targets.
