New Zealand is one of the first countries in the world to reach an electrification tipping point, as prices of $3a litre for petrol and high gas costs makes electric homes more affordable than fossil fuelled alternatives. The Electric Homes report, from the charity Rewiring Aotearoa, shows that a combination of EVs and electric appliances are cheaper over the lifetime of the machines, even with higher upfront costs or a 5.5 per cent interest rate for finance.