Petrol car sales plummet as EVs soar

Petrol car sales plummet as EVs soar
EVs on the march vs traditionally power cars, at least while subsidies last. (Image: Getty)
Staff reporters
Sales of traditionally powered petrol and diesel cars have plummeted to just half of all registrations in the year to date as buyers of light passenger vehicles have chased government subsidies for electric and hybrid vehicles.With the outgoing government's clean car discount scheme due to end on Dec 31, the latest figures from the Motor Industry Association (MIA) show that in the 10 months to October, the market share for petrol, diesel and LPG-powered light passenger vehicles fell to 50%.They represented 60% of vehicles sold in the 10 mon...

More Economy

Liquidations are up 27% year-on-year
Economy

Liquidations are up 27% year-on-year

On an annual basis, no region or sector Centrix measures experienced a reduction.

A hermit kingdom 'open for business'
Economy

Dileepa Fonseka: A hermit kingdom 'open for business'

NZ needs to come to a new understanding of the balance between values and growth.

Dileepa Fonseka 02 Dec 2024
Orr signals another 50bp cut in Feb
Economy

Orr signals another 50bp cut in Feb

RBNZ's governor commented after being told the MPS was more hawkish than expected.

Rebecca Howard 28 Nov 2024