EV sales push car sales up 77%, but that could stall

EV sales push car sales up 77%, but that could stall
Tesla is still a firm favourite in the EV market. (Image: Getty)
Brent Melville
New car sales decelerated by 4.3% during December but that did little to subdue a record year for the industry, with the 116,445 car registrations sparked in the main by electrified vehicle sales.There were 41,103 electrified vehicles sold over the year, which was up 77% or 17,930 units on the year before.That helped drive overall sales up by 3.8%, or 4,302 units on last year's numbers, making it the strongest year for registrations of passenger and SUV vehicles on the books. Sales of battery electric vehicles (BEV) – at 16,223 &...

More Economy

RBNZ seen cutting OCR by 25 bps, flagging easing bias
Economy

RBNZ seen cutting OCR by 25 bps, flagging easing bias

RBNZ is expected to cut its OCR rate to 3% on Wednesday.

Gas insider explains energy pain and solutions
Economy

Gas insider explains energy pain and solutions

Find more energy or face ongoing deindustrialisation, says GIC.

Liquidators looking for buyer for Wellington events company
Economy

Liquidators looking for buyer for Wellington events company

Hiremaster said it is one of Wellington's largest event equipment rental companies.

Gregor Thompson 15 Aug 2025
Crowdfunders told to expect loss as Peoples Coffee sold
Retail

Crowdfunders told to expect loss as Peoples Coffee sold

"I wanted the business to be owned by the people."

Gregor Thompson 14 Aug 2025