EV feebate better for rich people - Transport Ministry

The EV dream slows down as the emissions carrot and stick scheme is canned from next year. (Image: BYD)

Fri, 22 Dec 2023

A report from the Ministry of Transport says the previous government's clean car feebate system was skewed towards wealthier New Zealanders, with lower-income buyers faced with spilldown increases in the pre-owned market as a result.In its regulatory impact statement (RIS), which was prepared before the government suspended the need for them when repealing some existing laws, the ministry noted "difficulties in achieving a financially sustainable and self-financing scheme".The RIS was prepared in anticipation of the new government...

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