'Ute tax' racked up $636.2m before it was scrapped

'Ute tax' racked up $636.2m before it was scrapped
From April, EVs will also be on the hook for road-user charges. (Image: Getty)
Brent Melville
Incentivising the use of electric and low-emission vehicles through the short-lived "feebate" scheme washed out at a net cost to taxpayers of $338.9 million, with the total expenditure amounting to $636.2m.Figures released by the NZ Transport Agency Waka Kotahi (NZTA), which administered the clean-car discount until the new coalition government canned it on Dec 31 last year, showed discount rebates amounted to $615.7m, paid out for the purchase of 192,082 electric and low-emission cars.Total fee revenues invoiced to buyers of high-emi...

More Economy

RBNZ recruiting for its first AI role
Economy

RBNZ recruiting for its first AI role

RBNZ hiring machine learning engineer to enhance data analysis capabilities.

John Anthony 22 Oct 2024
Shamubeel Eaqub joins Simplicity to lobby on KiwiSaver
Finance

Shamubeel Eaqub joins Simplicity to lobby on KiwiSaver

Eaqub said he has no intention of putting down the megaphone.

Gregor Thompson 21 Oct 2024
OCR heading 50 points lower next month: economists
Economy

OCR heading 50 points lower next month: economists

Falling inflation paves the way for a 1 percentage point interest rate cut in two months.

Pattrick Smellie 17 Oct 2024