22 October 2021

EV Registrations NZ : 2016-21

There is a push for greener cars in NZ. Electric cars already get a rebate but there is to be a feebate scheme introduced in April 2022 where low emission vehicles (-146gms) get a rebate, those in a middle band (146-192gms) nothing, and higher emitting ones ( +192gms) a fee. Vehicles over $80,000 can be charged a fee but not earn a rebate. Used imports are included too but not to the same degree.

It will be interesting to see how this works. Will sales of high emitting vehicles boom just prior and low emitting ones (not electric, which already are incentivised) go quiet as that date approaches? One would think so but that would be a one off scenario. For now, let's look at electric car / LCV sales for the past five years and nine months. I've only focused on pure electric and hydrogen, not the other variants which collectively sell in larger numbers. Heavy vehicles are also not included.

Registrations for electric cars and light commercials have grown from 87 to 4,266 (the latter nine months) in quick time. Tesla had a huge September 2021 but will it continue for the remainder of the year? Either way, 2021 is already 178% up on 2020. 

Hydrogen is shown below and that hasn't exactly been a rip roaring success. Refueling infrastructure is an issue for now but maybe the feebate scheme will help. I have always felt there is more potential for fuel cell rather than electric but for now electric well ahead due in no small part to fuel accessibility. 

Electric propulsion for cars is still small in NZ but is moving rapidly forward. More brands are getting in on the act but the pie is growing quickly enough for all to get a decent slice of it. Hydrogen fuel cell is not an option for the time being. 

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