Australia’s Auto future

 

On 15 August 2008,  the Review of Australia’s Automotive Industry was released. Carried out by Steve Bracks (former Victorian Premier) and an expert panel, the review’s recommendations included:

§ A new Global Automotive Transition Scheme to support R&D, design and export.

§ Double to $1 billion the Government’s Green Car Innovation Fund.

§ A restructuring fund to assist the automotive supply chain to improve economies of scale.

§ Reducing the passenger motor vehicle tariff from 10 to 5 percent by 2010.

§ Include road transport in an emissions trading scheme.

§ Encouraging auto exports via FTAs, particularly with the Gulf States, ASEAN and South Africa.

§ Expand access to overseas automotive supply chains through a ‘Team Australia’ approach using eminent automotive ambassadors.

See www.innovation.gov.au/automotivereview