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By Jo Nova
Australian Mums and Dads who want a petrol or diesel car will soon be effectively paying money to China to make EV’s cheaper for inner city socialites.
Make no mistake, despite the propaganda, Australia now has a carbon tax on petrol and diesel cars and the revenue will go straight to companies that sell EVs — which means the cash will flow to China more than anywhere else.
The news today:
“Mazda, Nissan, Hyundai and Subaru face multi-million-dollar penalties under NVES”
by Jake Evans, the ABC
The New Vehicle Efficiency Standard (NVES) requires car makers to meet emissions limits on the total cars they sell each year, incurring a $50 liability for every gram of CO2/km over that limit, which must be paid as a penalty or traded with greener car makers that accrued credits.
The liabilities are due to be paid in three years’ time, meaning the car makers can also reduce their liability by selling more cleaner cars in the next two years.
In the first six months of the NVES, Mazda has incurred a $25.4 million liability, Subaru a $7 million liability, Nissan a $10.8 million liability and Hyundai a $4.2 million liability.
President Xi will be very happy.
BYD and rivals bank millions in Australia’s carbon credit car scheme NVES
By Danielle Collis, News.com.au
China’s BYD has emerged as the biggest winner of the Federal Government’s green car push, amassing millions of tradeable carbon credits in the first official results under the New Vehicle Efficiency Standard (NVES).
According to the NVES unit holdings table, BYD’s two regulated entities generated 4,234,294 credits and 2,048,530 credits respectively in just six months, more than 6.2 million in total.
Several other Chinese automakers also recorded substantial surpluses, including Chery (438,633), Great Wall Motor (405,198), SAIC Motors (377,601), Zhejiang Geely (620,233) and Zeekr (259,440).
The secret car tax is all lies and deception
Everything about the NVES is designed to confuse and conceal what is really happening.
This tax won’t be listed on your receipts. The government is forcing car manufacturers to be the tax collectors. The carbon credits will work like a subsidy but are not listed as one. The price rises come in 3 years time (after the next election). Or they come silently as manufacturers give up selling their cars in Australia. One day, you’ll go to a car yard and the only options left will be expensive to buy or expensive to run.
The Labor Party could have put a simple tax on cars for their carbon emissions — but people would have understood that and rebelled. Instead they copied the British ZEV and American CAFE standards schemes where car makers are punished or paid for their average fleet emissions. A car company that sells too many petrol cars compared to electric cars has to buy “carbon credits” from another company that sold more electric cars.
It has the illusion of being a free market — but it’s a tiny kernel of free enterprise wrapped in a Giant Communist Squid. Perhaps they hope some politicians don’t run an “Axe The Carbon Tax” campaign and win 90 seats in the next election?
Basically, carmakers selling popular petrol and diesel cars will have to raise their prices to cover the cost of buying the NVES credits. So those cars will cost more, and the extra money the customer pays will be fed to the companies that mostly sell EV’s, — let’s all say “China”.
The Government spins the NVES
Is your lie detector buzzing? The government says the NVES helps to: “save you money at the bowser.” It doesn’t say it’s at the expense of other Australians, or it only applies to people rich enough to buy an EV, or who ideally own their own garage and solar panels.
The government says “they give you more choice of new cars that are fuel-efficient, low or zero emissions” [but they don’t day they take away your choice to buy the cheapest or best car for your family]
The government pretends the NVES” reduces transport emissions, improving the air that you and your family breathe.” They don’t say that EV’s are heavier, add more tyre dust and microplastic pollution to the air, and pollute lakes in China. Nor do they mention the koalas being clubbed and the forests razed to install the “cleaner” turbines,
If the poor are not subsidizing the rich in Sydney, then the money just flows to Chinese oligarchs so they can buy themselves another Super-Yacht, and who knows, make some back-door donations to the ALP?
Australians would be angry about the NVES if they knew what was coming….
h/t Bally