Australian laggards in the new car order
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
This week's charts of the week show the projected car efficiencies of other developed countries (except Japan) and the technological advancements that have enabled improved fuel economy. Australia's proposed fuel economy standard for 2024 is seemingly a step in the right direction but how do we stack up against our allies? Not too well, it appears.
Source: BP Energy Outlook 2030 Booklet.
The chart, plotting fuel economy in litres per 100km, clearly demonstrates Australia's 2024 projection of 6.7L/100km lags behind the rest. Light vehicles in the US have a projection of around 6L/100km, China is better at around 4.5-5L/100km and Europe is best at less than 4L/100km.
To put things in perspective, in accordance with this graph, Europe is more fuel efficient now than Australia will be in 2024. As a side note, the Ford Falcon's fuel consumption has barely improved since 2000, floating at around 10-11L/100km.
The chart below illustrates the projected make-up of passenger cars in the future.
Source: BP Energy Outlook 2030 Booklet.
Right now over 90 per cent of the passenger car market is petrol/gas powered. In 2030, this percentage is expected to be less than 40. As more hybrid cars hit the streets and impact less on consumers' hip pocket, carmakers need to improve fuel efficiencies in order to keep up. Maybe Ford Australia has learnt this lesson the hard way.
What this data clearly indicates is that Australia has fallen by the wayside when it comes to fuel economy policy and many overseas carmakers are adapting to consumers' wants much more rapidly than their Australian counterparts.
Call 1300 880 160
Start a chat
Schedule a call
