Fuel efficiency standards and their impact on car choices and prices

The federal government has announced new fuel efficiency standards for new cars sold in Australia. Despite triggering controversy, the Minister for Climate Change and Energy, Chris Bowen, explains that the standards will not affect the choice of cars or their prices. Similar standards have been implemented in many countries, including the United States, without causing an increase in car prices. The introduction of these standards is aimed at providing Australians with more choices of cars that are more efficient, cheaper to run, and have lower emissions.