
Every time the price of petrol shoots up, we see the same kind of advice: ‘Fill up now before it gets even higher’; ‘Shop around for cheaper fuel’; ‘Use your 6c off a litre coupons; ‘Change the way you drive and stretch your tank’. We’re mostly short-term creatures so these are all pretty normal responses to a price shock, but if you're looking to save money on fuel the best advice is to think longer term and remove yourself from the volatility of imported energy entirely.
Driving on electrons from the grid is the equivalent of about $0.60 per “litre” (excl RUCs), $0.40/L overnight, and $0.30/L from solar. And, over their lifetime, and depending on how you charge, EVs can be up to $20,000 cheaper than a petrol equivalent, including upfront costs.
As the price of fuel keeps rising, we see transport as the next big battleground of the 'electric election' and there's a real opportunity to roll out policies that speed up EV adoption and offer more cost of living relief to those who need it most.
An EV salary boost scheme could get nurses, teachers and essential workers into a new EV for $200 a week or less (including charging, tyres and maintenance).
Around 60% of all new cars are purchased by businesses and if those purchases shift to electric now, we would get more EVs into the second hand market, which is critical in bringing forward the ability of lower income households to benefit from the savings EVs offer. Accelerated depreciation and fringe benefit tax relief would help with that.
We also need to maintain the Clean Car Standard so our market does not become a dumping ground for high-emitting vehicles that may have a lower sticker price but will cost much more over time.
As RNZ reported, most New Zealanders are ‘tepid’ on the Government’s response to the fuel crisis. The Budget was mostly focused on fuel, not how we get off it, and our approach to enhancing energy security was mostly just adding more storage tanks (even though electrifying transport was ranked as the best option in a recent Government report).
Electric vehicles are increasingly pulling into New Zealand workshops - and mechanics need the right qualifications to work on them safely. High-voltage battery systems carry risks for untrained technicians, and as EVs become a larger share of the national fleet, workshops without qualified staff risk being left behind. Some vehicle manufacturers are also beginning to require demonstrated technician competency as a condition of warranty-related work - a trend that is expected to grow. Here's where the training is on offer.
Read moreDownloadSolar and storage on farms has been going off like a frog in a sock recently. And Federated Farmers has made it a big part of its election manifesto. While Wayne Langford recently missed out on a fourth term as president, he's a Bright Spark in our books for all the work he's done to get this issue on the political radar and help speed up adoption.
Read moreDownload"To emphasise both the risk and the opportunity for New Zealand’s political economy, the price of Brent crude hit US$100 a barrel again on Friday, which is likely to push petrol prices back towards $3.50/litre. But New Zealand’s uptake of EVs, home solar, home batteries and grid-scale solar and batteries is lagging far behind most other countries, who have incentives and national strategies to electrify fast."
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