The New Vehicle Efficiency Standard (NVES) Regulator has published the first performance period results under the NVES, following issuance of 2025 interim emissions values (IEVs) and associated NVES units.
The results include aggregated performance of all NVES-covered vehicles and regulated entity data, aggregated regulated entity results, and NVES unit holdings for registry account holders.
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The 2025 NVES performance period included 59 regulated entities who entered a total of 620,947 NVES covered vehicles on the RAV between 1 July and 31 December 2025. Of the 59 regulated entities, 68% beat their target and over 17 million NVES units were generated.
In 2025, NVES data showed that 12% of all covered vehicles were zero-emissions, with 40 entities supplying vehicles in this category. These results indicate the NVES is set to support more low-emissions vehicles on Australian roads, contributing to a reduction of CO2 emissions in future years.
Highlights include:
- 59 regulated entities entered a total of 620,947 covered vehicles on the Register of Approved Vehicles between 1 July and 31 December 2025.
- 12% of all covered vehicles were zero-emissions, with 40 entities supplying vehicles in this category.
- 40 entities beat their target, generating a combined 17.2 million NVES units.
National Automotive Leasing and Salary Packaging Association (NALSPA) CEO Rohan Martin said the data reinforces the importance of maintaining stable demand-side policy settings as the market adjusts.
“The NVES is influencing manufacturer behaviour and improving vehicle efficiency. It’s increasing consumer choice in cleaner cars and lowering emissions on Australian roads. That is a really positive development from the Albanese Government,” Martin said.
“However, with electric vehicles representing around 12% of cars covered by the NVES in 2025, it’s still very early days of the EV transition. This is not yet a self-sustaining market.
“As NVES targets tighten, car manufacturers will need to bring materially more zero-emission vehicles to the Australian market. That is where supply and demand policy must work in lockstep to proactively support and encourage consumer behaviour towards this technology.”
Martin said the Electric Car Discount, delivered primarily through novated leasing, remains Australia’s main demand-side mechanism supporting EV uptake among working Australians.
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“The Electric Car Discount is the policy doing the most to put EVs within reach of everyday Australians. Australia has more than 105,000 extra EVs on our roads thanks to the discount, with at least half of all EVs sold today supported by it.
“Many of the workers taking up the discount say they simply wouldn’t have considered making the switch without it.”
