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So it makes sense that we would want the same thing here. The ACF and the NRMA outlined the benefits of Australia having a similar standard. Apart from reduced greenhouse emissions, it would keep the Australian car industry competitive internationally - in Japan the standard is 5L/100km (=20km/litre).
But probably the most obvious outcome is for the hip-pocket. Obviously, using 1/3 less fuel means paying 1/3 saving at the pump. NRMA found that fuel standards would save the average driver $700. Across Australia that's billions every year.
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