The subsidies for electric and some hybrid vehicles would be up to NZ$8,625 (£4,360) for new vehicles and NZ$3,450 (£1,744) for used cars. To meet its goal for transport emissions, the commission concluded electric vehicles would need to make up half of all light vehicle registrations by 2029, and 100% by 2035. Climate change minister James Shaw said that at present, low emissions vehicles were financially out of the reach of many New Zealanders. Germany introduced a €4,000 (NZ$6,785) subsidy for electric vehicles back in 2016. In Norway, electric cars now make up 54% of market share, after the country exempted fully electric vehicles from taxes imposed on those relying on fossil fuels.

Source: The Guardian June 14, 2021 00:33 UTC