In the first of our automotive video series, Sotheary Bryant sits down with Steve Young, Managing Director of ICDP to discuss the recently released New Vehicle Emission Standards (NVES).

ICDP is an international research and consulting organisation specialising in automotive retailing and after-sales, and relevantly, Steve offers a global perspective on the impact NVES may have on the Australian market.

In this video, we discuss:

• The NVES (scheduled to commence on 1 January 2025), and the response from the Australian Government released on Thursday, 28 March relating to concerns raised by industry bodies concerns.
• Potential consequences on the automotive industry or consumers.
• The impact of Chinese car brands on the worldwide automotive market.
• OEMs’ future in the Australian automotive industry. In particular, Steve draws on the impact that the UK emissions strategy has had on dealers and shares some key learnings for dealers.