Treasurer warns of major economic damage from Iran war
Fresh modelling shows oil price shocks and soaring prices for other commodities will have a lasting impact on Australia's economy.
Fresh modelling shows oil price shocks and soaring prices for other commodities will have a lasting impact on Australia's economy.
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Australia is preparing for all scenarios should the war in the Middle East go on indefinitely and the fuel crisis escalates, the prime minister says.
Ministers say they're focused on getting more petrol into the market in response to the Iran war, rather than limiting how much motorists can buy.
Many Australian motorists plan to park an electric or hybrid vehicle in their garage in future but one policy change could alter their path.
As some country towns face major petrol shortages, pressure is mounting on the federal government to intervene to bring down fuel prices.
An economic downturn might be needed to bring inflation back to target, economists warn, but the government can help with spending cuts and productivity reform.
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More than 100,000 Australians have taken advantage of the federal government's tax exemption for electric vehicles but households in one location are most keen.
Australia has stockpiled more than a month's supply of fuel and is as "prepared as possible" as the war in the Middle East continues to impact global supply,
Petrol and diesel prices were hiked dramatically almost straight after war broke out in the Middle East, the consumer watchdog has found.
Neighbouring countries including Indonesia and Malaysia could beat Australia to lead the sustainable aviation fuel market despite its potential.
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Service stations could face $100 million fines for intentionally ripping off customers as panic buying places consumers under pressure at the pump.
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Panic buying has forced some regional service stations to impose fuel restrictions as farmers warn shoppers to brace for grocery price hikes.
More Australians could turn to electric vehicles to avoid rising fuel costs if governments keep tax cuts for their purchase and consider new incentives.
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Electric vehicles have broken sales records in Australia even as the larger automotive market stalled, with sales of petrol and hybrid models falling.
It boasts Australia's largest fleet of electric vehicles but one company plans to put even more electric trucks and motorcycles on the road to lower emissions.
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The safest new vehicles in Australia are almost all electric, with the top performers delivering consistently across the various areas of testing.
Australians are buying more used hybrid, plug-in hybrid and electric cars, although sales across all states and territories are slowing down.
Australian motorists are increasingly choosing fuel-efficient vehicles but that does not mean a move away from SUVs or utes.
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From Forthing to Farizon, consumers can expect plenty of fresh brand names in the local automotive market, with growth expected to almost double in a decade.
Twists and turns are coming to Australia's electric car market, from a potential road-user charge and tax reform to the price of models launching on our shores.
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The growing popularity of hybrid and electric cars is helping to reduce Australia's transport emissions but big, old cars are slowing progress.
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Low-carbon fuel orders could be placed on firms to secure the future of Australian biofuels and ensure they can reach their multibillion-dollar potential.
Hybrid vehicles are not just popular with new car buyers, as figures reveal the low-emission models are making up more second-hand sales.
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Australian drivers are buying more electric and hybrid vehicles than ever and experts say they are forcing down petrol and diesel car sales.
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More buyers of new vehicles are opting to save money on petrol with electric cars and hybrid models proving popular in the latest auto industry snapshot.
Cutting emissions from long-haul flights, shipping and trucking remains a challenge but one solution could put Australia in an enviable position.
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Motorists are buying electric vehicles in record numbers but uptake will need to speed up to meet climate targets and experts are calling for change.
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Electric vehicles are quietly climbing the sales charts in Australia after a slow start to the year, but hybrid and plug-in hybrid cars remain popular.
Slashing the emissions profile of planes, ships and heavy trucks is the main game of a $1.1 billion injection into the low carbon fuel industry.
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Hybrid and electric vehicles are closing the gap on their petrol and diesel equivalents in Australia but the race remains slow and steady.
Major reforms may be needed to wean some Australian industries off diesel and reduce its significant contribution to the nation's carbon emissions.