The nation’s slow transition to a low-emissions car fleet could fuel a “weird Nirvana” where carmakers dump luxury petrol cars at rock-bottom prices in the Australian market as the rest of the world goes electric. But industry analysts warn taxpayers will ultimately pick up the bill to send the highly polluting vehicles to the scrap heap as spare parts become scarce and resale values plummet. Australia’s unfriendly electric vehicle policies could leave the country like Cuba, a living museum for classic cars after trade embargoes kept out the latest technology. Credit:APThe “inescapable scenario” is forecast as the world’s leading right-hand drive markets phase out the sale of all new petrol and diesel cars within the next 15 years as the world strives to reduce greenhouse gas emissions and reach net zero emissions by 2050. It has spawned comparisons with Cuba, which has become essentially a living museum for classic cars after trade embargoes in 1959 kept out the latest technology for more than half a century.

Source: Libya Today May 21, 2021 18:56 UTC