Mar 20, 2024
Renew Economy
It is now cheaper to run a fully electric home and EV in NZ than to use fossil fuels

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.

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