Close BYD carbon credit loophole for EVs uptake sake

Close BYD Carbon Credit Loophole for EV Adoption

Clever companies often exploit gaps in new regulations. Governments must act to prevent attempts to undermine the New Vehicle Efficiency Standard scheme.

The Australian Financial Review reported that Chinese electric vehicle giant BYD, which has surpassed Tesla, rented land near Sydney—including at a theme park—to store thousands of unsold vehicles.

"BYD had rented land, including at a theme park south of Sydney, to park thousands of unsold vehicles."

Such strategies highlight the need for regulatory bodies to close loopholes to ensure genuine progress toward vehicle efficiency and emission goals.

Summary

This situation with BYD underscores the importance of tightening regulations to support authentic electric vehicle adoption and environmental benefits.

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AFR AFR — 2025-11-04

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