The AAA welcomed the significant increase in spending on land transport infrastructure in the October 2020 federal Budget, with investment increasing from $9.25 billion in 2020-21 to $12.89 billion in 2023-24.
Household transport costs fell in the year of Covid as Australian families spent 4.6% less on transport in 2020 than the previous year. A typical household spent $310 per week on transport, or 12.5% of its income.
The AAA’s final quarterly report benchmarking the performance of the Strategy shows its key targets to reduce road deaths and serious injuries by at least 30 per cent by the end of 2020 have not been met.
Helping Australians into more fuel-efficient vehicles is a high priority with obvious benefits. The Australian Automobile Association (AAA) and its members want Australians in the best possible position to adopt these new technologies and choose the transport technology options that best suit their lifestyle, household budget, and commuting needs.
This edition shows that transport costs, like the economy, are showing early, tentative signs of recovery back into growth as Australia emerges from the pandemic-fuelled downturn, increasing by 1.2 per cent in the third quarter.