Best of BusinessDesk: You may not own an EV, but you might still be paying for them

EV sales accounted for 43% of all vehicle sales in September. (Image: Vector)

Fri, 30 Dec 2022

Vector says the proliferation of electric vehicles (EVs) could see Auckland’s power demand almost triple by 2050, and electricity bills will go up with it. Modelling by Auckland's electricity distributor, the largest of New Zealand’s 27 lines operators, shows that uncontrolled or "disorderly" charging of private vehicles, particularly during peak demand periods, could push network demand to almost 5,000 megavolt-amperes (MVA) by 2050. One MVA is one million volt-ampere and Auckland’s network capacity no...

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Retail

SkyCity gets keys to NZICC from Fletcher

After one of the largest commercial building fires and multiple delays, SkyCity has NZICC.

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World

Trump team torpedoed Nvidia’s push to export AI chips to China

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Trump team torpedoed Nvidia’s push to export AI chips to China

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More Energy

News in Brief

Genesis gets fast-track greenlight for Tekapo power scheme

Genesis Energy has received fast-track approval to continue operating and maintaining the Tekapo hydro power scheme.It lodged the fast-track application in April 2025 for the scheme, which includes Tekapo A and B power stations and substations, and the canal system. Genesis has o...

Staff reporters 03 Nov 2025