With over a dozen new models being released in New Zealand this year, it looks like the NZ electric vehicle buyer will be spoilt for choice. Most of these vehicles have already been released in the UK right-hand-drive market. But for those of you who wish to taste a great summary,The list includes the Great Wall Motors Ora Cat; the Opel Corsa and Mokka-e; the Fiat 500e; the Ssanyong Kurando e-Motion; two Peugeots — the 208 and the 2008. Ford will be there with the Mustang Mach-e.
Tesla holds 23% of the EV market and 3% of the overall automotive market. MG, BYD, and Hyundai are all on 2% of the overall market. Feel free to access theHEV sales surged in the first quarter of 2022 and have gone on to triple their penetration rate compared to 2020. There is life in Toyota’s technology yet. It is notin New Zealand. This was a result of favourable government policy towards low-emission vehicles.
Only 13% of car purchases in New Zealand are new, 11% are used imports [many of these used imports are Nissan Leafs from Japan], and 76% are existing used cars.Hybrid cars may delay the uptake of used EVs and negatively impact their values. NZ has a very aggressive light truck market. The market share of these vehicles has shown no sign of changing.Unprecedented global demand for metals used in battery production.Charging infrastructure is critical to EV adoption.. Consumers delay new vehicle purchases as an even better model is coming soon.However, if the S-curve eventuates, by mid-2026, 50% of light vehicles registered in NZ will be EVs.
The NZ government set a target of mid-2025 for its fleet to be emissions free. They also set rules in place requiring the chief executive to “sign off’ on the purchase of a fossil-fuelled vehicle taking into account that all options for EVs had been considered and an EV purchase would prevent the government agency from undertaking a core function.