Low emission petrol cars also get a boost – but there’s a catch

Low emission petrol cars also get a boost – but there’s a catch
Petrol cars such as a Toyota Yaris, which has lower emissions than some hybrids, qualify for a $3,620 rebate.
Jem Traylen
It’s not just EVs that will benefit from the government’s feebate scheme – purchasers of fuel-efficient petrol cars like the Toyota Yaris and Honda Jazz will also see some taxpayer cash, albeit at a lower rate.However, buyers will need to weigh up a proposed government mandate to increase the use of biofuels that would cost an average household an extra $7.41 a week for petrol by 2025.Biofuels can be mixed with existing fossil fuels to reduce climate emissions and like EVs are a way of achieving a ‘quick win’ in th...

More Environment

NZ Post squeezed for $100m dividend
Policy Exclusive

NZ Post squeezed for $100m dividend

New shareholder says 'show me the money!'

Jem Traylen 15 Jul 2024
Rua Gold gets exploration green light
Markets

Rua Gold gets exploration green light

The company hopes to begin exploration drilling in Coromandel by the year's end.

John Anthony 27 May 2024
Coalition wants to double mining revenue within a decade
Primary Sector

Coalition wants to double mining revenue within a decade

The reform push includes clarifying where operations can take place on conservation land.

Ian Llewellyn 23 May 2024
EU-NZ FTA could boost offshore wind and clean energy investment
Infrastructure

EU-NZ FTA could boost offshore wind and clean energy investment

The EU FTA might help offshore wind, but more will be needed, Giacomo Caleffi argues.

Dileepa Fonseka 23 May 2024