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NZ’s electric car sales dropped 70% last year while global sales rose, but the Transport Minister says his policies aren’t to blame
As Marc Daalder wrote:
Perhaps the supply problem is a reflection of that second issue Bishop cited: low demand. Why would an automaker send EVs to New Zealand if no one will buy them and they’ll be sold cut-price, potentially at a loss?
In 2023, New Zealand was among the world’s leading adopters of electric vehicles. But in 2024, it saw the second steepest decline in year-on-year EV sales – a 70 percent decrease, compared with the global average of a 15.6 percent increase in sales.
The cause for this is clear. The motor industry has repeatedly pointed to the Government’s decision to axe the Clean Car Discount – which placed fees on higher-emitting vehicles at the point of sale to fund rebates for EVs and some hybrids – as the cause of the collapse of New Zealand’s electric car market.
Had EV uptake in New Zealand simply continued at its 2023 rate, 30,000 more EVs would have been registered here – a 25 percent increase in the total size of the electric fleet. And that’s just if the adoption rate was flat, not growing like it has elsewhere in the world.
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Read moreDownloadNewsroom's Marc Daalder digs into the Boston Consulting Group's new report Energy to Grow. As co-author Richard Hobbs said: “Really, the main story of what’s happened in the last three years [since the last report] is just the bottom has fallen out of the gas market. We’ve seen gas supply decline 45 percent in the last six years – dramatically below what anyone was forecasting. That context, overlaid with a dry year in 2024, really exposed quite a few fragilities in our energy system.”
Read moreDownloadWe strongly support the Electricity Authority’s aim of removing unnecessary barriers to more efficient investment in distributed generation and maximise the benefits it brings for all New Zealanders. It is great to see the progress the EA is making in its Networks connection workstreams which will translate in real benefits for consumers. We agree with the Electricity Authority's description of benefits from distributed generation and support the proposals set out in this consultation although propose some additional measures and modifications.
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