November 22nd, 2024
Revving up the race towards a greener future, New Zealand's Clean Car Discount policy shifts into high gear with targeted adjustments to rebates and fees, aiming to boost electric vehicle (EV) adoption and slash emissions more than ever before.
The revised programme not only accelerates the nation's journey towards a sustainable transport system, but also promises an economic boost with an average fuel savings of $325 million per year. As the government fine-tunes this policy, Kiwis from all walks of life are now in the driver's seat to join the electrifying ride towards a cleaner, greener tomorrow.
The Government is implementing targeted adjustments to the Clean Car Discount policy to further decrease emissions and fuel costs, says Transport Minister Michael Wood.
The programme, which has already granted over 100,000 rebates since its launch in 2021, is expected to reduce 50% more emissions by 2035 and 230% more by 2025 than originally estimated.
Why it matters: By saving New Zealand from importing 1.4 billion litres of petrol, the economy is projected to save an average of $325 million per year on fuel. The Clean Car Discount policy aims to offer more affordable, lower-emitting vehicle options for New Zealanders and support the transition away from fossil fuels.
Key adjustments: The Government is narrowing the scheme's focus to more fuel-efficient vehicles earlier than planned. Rebates will be reduced, and fees paid by higher-emitting vehicles will increase. Rebates for zero-emission used import vehicles will rise from $3,450 to $3,507. Eligible vehicles will be adjusted to promote EV uptake, and a special rebate for new and used low-emission disability vehicles will be introduced.
Rapid EV uptake: "With over 100,000 rebates granted since the scheme came into effect in 2021, we currently have one of the fastest uptakes of EVs in the world," said Wood. In 2022, 20% of all new passenger car sales were electric, a significant increase from 8% in 2021.
Long-term benefits: Wood emphasised that transitioning to renewable energy sources is essential for tackling the cost-of-living crisis in the long run. Switching to an EV is akin to buying petrol for 40c/litre, which can have a significant impact on household budgets.