Mike Casey: "Once we get through this short-term crisis and we have a bit more understanding of where the future is taking us, we have to build back electric. We need to focus on New Zealand-made energy. That's the ticket to our prosperity."
Rewiring CEO and Electric Orchardist Mike Casey appeared on TVNZ's Breakfast recently and talked about how the crisis in Iran has created a 'tipping point' for electric vehicle adoption and the latest figures show almost one quarter of all new cars sold in March had plugs.
Right now, petrol and diesel prices are the primary concerns and while the long-term solution is clear - electrify as many of our 4.3 million light vehicles and as many of our bigger machines as possible - the short-term response is more around reducing demand. That's why he's in favour of public transport incentives in the cities.
High power prices are less of an issue right now (in part because we are not reliant on gas to set the price, unlike some places in Asia and Europe that have seen electricity prices spike as well), but price rises have been in the headlines a lot. This is leading to more homes and businesses than ever investing in solar, something we would like to see a lot more of.
When it comes to solar, EVs and other electric appliances, the upfront cost remains the biggest barrier. Casey says it's worth exploring financing solar through your mortgage or a low-interest green loan as it's an economic slam dunk, but we also need finance solutions for those who don't have that option and would benefit massively from the savings, like pensioners.
The Government has a policy in front of it right now - the Ratepayer Assistance Scheme - that could reduce costs by $1,000-2,000 per year, including paying back the loan. We're hopeful the Government might push it through given the price increases in other areas but, if not, as Chris Chang said in his intro, energy is likely to be a major point of the upcoming election in November.
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Financial commentator Frances Cook uses her own story to show that that an investment in solar and an EV significantly outperforms the stock market and fellow number cruncher Nadine Higgins says that if you do it right, EVs are cheaper to run and own; EV sales have climbed to their highest level since 2022 and are closing in on 2023's numbers and Go Rentals has just invested $2.3 million in some new Tesla Model Y Premiums; the gap between energy costs of diesel vans and utes and electric vans and utes is absolutely massive; solar is also going off right now, with one installer in Otago 448% above their sales target in March; Lightforce has gone back to the Barretts with a new TV ad; Wellington mayor Andrew Little explains its electrification strategy and Hutt City Council shares data showing how its fleet has gone from dirty Toyotas to cleaner EVs; Shenzen in China has electrified its public transport and taxis and that's come with big benefits - and some challenges; and a very simple illustration of the LNG terminal.
Read moreDownloadAs Minister of energy, climate and local government, Simon Watts had a great opportunity to push the country towards cheaper, cleaner and more reliable New Zealand-made energy. And that’s why we laid down a challenge and gave him the ‘MegaWatts’ moniker last year. Rewiring Aotearoa CEO Mike Casey says he did some good things, like enabling more solar on farms, removing tax on solar exports, fixing onerous solar consenting requirements, putting pressure on the lines companies to pull up their socks, and getting the ball rolling on the Ratepayer Assistance Scheme. "But the LNG import terminal appears to have been a defining issue."
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