Finally - Australia will have a New Fuel Efficiency Standard, from January 2025, that is similar to the USA. Only Russia, in the developed world, remains without this Standard, so it is about time for Australia to catch up. And while there will be immediate savings for new petrol cars, to run 20% or more efficiently and cheaper, the big benefit is the range of new EV's that this will encourage car manufacturers to bring to Australia. The third benefit is reduced transport emissions - good for our health and good for the planet.