Petrol car sales plummet as EVs soar

EVs on the march vs traditionally power cars, at least while subsidies last. (Image: Getty)

Fri, 03 Nov 2023

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...

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Markets

Another solar farm gets the nod from Genesis

Genesis Energy has approved the construction of the Edgecumbe Solar Farm in the Bay of Plenty, marking its second major solar commitment in as many months.The company made a final investment decision (FID) on the 136 megawatt peak (MWp) farm, clearing the way for work to begin sh...

Ian Llewellyn 9:40am

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