The Australia Institute (TAI) has released data showing that Australia’s transport emissions will be above pre-pandemic levels until 2023, which it blames on the uptake of SUVs and utes:
The government projects that by 2035 electric vehicles will account for 44% of new car sales compared to less than 1% in 2019. But despite this uptake, transport emissions are not set to fall for more than a dozen years.
Why? Aussies are buying bigger vehicles, effectively erasing the benefit of reduced emissions that comes from growing electric car sales.
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Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
