Sydney - Tariffs on imported cars would be halved to 5 per cent if Prime Minister Kevin Rudd accepts the recommendations of a panel he appointed to study Australia's domestic automotive industry.
The budget for building a "green car" locally would double to 1 billion Australian dollars (880 million US dollars), Industry Minister Kim Carr said Friday when releasing the report.
"The Rudd Labor government firmly believes that there is every reason to be optimistic about the future of the nation's automotive industry if the right policy decisions are made now," Carr said.
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