To boost the adoption of electric and low emission vehicles, the government announced yesterday its Clean Car Discount package, which offers significant subsidies to prospective EV owners. Specifically, New Zealanders buying an imported new EV will receive a rebate of $6,166, and those buying an imported second-hand EV will get a rebate of $2,466. The subsidy will be lower for plug-in hybrid electric vehicles (PHEVs). New PHEV buyers will be eligible for $4,110, and used hybrids will qualify for $1,644. The government notes that the Clean Car Discount will prevent up to 9.2 million tones of CO2 emissions, while it will help New Zealand reach its 2050 carbon neutral goal. The scheme will be funded through the fees imposed on higher emitting internal combustion engine (ICE) vehicles, and will start in January 2022. New ICE imports will be taxed up to $3,699, and second-hand ICE imports up to $2,055. Vehicles with 147-191 CO2 emissions ppmv/km will fall under the category of “zero band” and will receive neither a rebate nor a fee. You can check out below in which group New Zealand’s top-selling vehicle brands belong. From July 1 to December 31 2021, Kiwis can apply for the EV rebates, and the subsidies will be offered until the funds are exhausted. Do EVs excite your electrons? Do ebikes get your wheels spinning? Do self-driving cars get you all charged up? Then you need the weekly SHIFT newsletter in your life. Click here to sign up
