**14,000 Fewer EVs In NZ After Subsidy Removal**

CNAES

You need 2 min read

·

Post on Nov 08, 2024

48 visitor like this post

Share

Electric Dreams Dashed? NZ EV Sales Plunge After Subsidy Removal

Hold up, what's this? New Zealand's electric vehicle (EV) dreams just took a hit. After the government pulled the plug on subsidies for new EVs, sales took a nosedive. 14,000 fewer EVs were sold in the first half of 2023 compared to the same period last year. That's a whopping 40% drop! Ouch.

But why the sudden change? Let's rewind. For years, the government was giving a sweet deal to EV buyers, tossing them a hefty chunk of cash to sweeten the deal. It was like a "go green, get paid" party. But then, the government changed its tune and said, "Nope, we're done with the subsidies."

It was a bold move, but it had consequences. Suddenly, EVs weren't as affordable as they used to be. The price tag became a bit more daunting. And, let's be real, for many folks, price is king.

So, what does this mean for the future of EVs in NZ? Well, it's a bit of a rollercoaster right now. Some say the market will bounce back, others are less optimistic. The government is now pushing for more EV charging infrastructure, hoping to encourage adoption.

The bottom line? It's a tough time for NZ's EV ambitions. But hey, who knows, maybe this dip is just a bump in the road. Time will tell if the electric dream will rev back to life.

Breaking Down the Numbers

• 2022: 35,000 EVs sold.
• 2023 (First Half): 21,000 EVs sold.
• That's a 40% decrease!

What's Next for EVs in NZ?

• Charging infrastructure: The government is putting its foot down, investing in more public EV chargers.
• New models: More affordable EV models are coming out, which could entice buyers.
• Government policies: The government could implement new policies to support EV adoption.

Only time will tell what the future holds for EVs in NZ. But one thing's for sure: this is a story worth watching.