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

OceanaGold says new Waihi mine will yield 34 million grams of gold
Economy

OceanaGold says new Waihi mine will yield 34 million grams of gold

Wharekirauponga Underground is one of the Government's fast-track projects.

Card spending eases in November vs October
Retail

Card spending eases in November vs October

But there is cheer for the hospitality industry. 

NZers fear RBNZ's digital currency plan's privacy risks
Economy

NZers fear RBNZ's digital currency plan's privacy risks

The biggest concern about digital cash is the potential for Government control.

Rebecca Howard 10 Dec 2024
RBA set to keep rates steady while growth concerns linger
Finance

RBA set to keep rates steady while growth concerns linger

The central bank’s policy meeting is slated for Tuesday