It is clear that the Australian car-parc is transitioning to include more vehicles that are zero and low emission
Electric and hybrid vehicles are central to this transition, and hydrogen and sustainable fuel powered ICE vehicles are also prominent in discussions about our evolving car-parc.
There are many consumer, manufacturer and regulatory dynamics impacting the rate of growth of the ZLEV population in Australia, but the fundamental driver of this transition is an environmental one. We want and need to reduce automotive industry carbon emissions across the country.
The ZLEV transition will undoubtedly play a leading role in efforts to reduce carbon emissions. However, this transition is not the only way to reduce emissions and we can all play our part to positively impact what the future looks like. The automotive aftermarket industry consists of 50,000+ businesses, employs over 300,000 people and is worth $25B annually to the economy. An industry as large as ours has a responsibility, and a great opportunity to make an important impact on carbon emissions alongside the ZLEV transition.
Why should we be investing in measures to reduce our carbon emissions? The environmental benefits for our future are obviously the primary motivation. Further to this,