Labor’s fuel efficiency standards mean all new cars could be EVs by 2035, industry group says

Chris Bowen and Catherine King say motorists could save $1,000 a year by 2028 with new fuel efficiency standards. Electric vehicles will be the big winners of the plan, some in the industry say. Photograph: Lukas Coch/AAP

Suppliers of electric vehicles are the big winners from the Albanese government’s fuel efficiency standards with one industry group saying half of all new cars will be electric by 2029 and 100% by 2035 on the proposed trajectory.

The energy minister, Chris Bowen, and infrastructure minister, Catherine King, released the details of the plan for consultation on Sunday, saying motorists would potentially save $1,000 a year by 2028 as manufacturers brought in more efficient models.