CO₂ feebate backfires, as hybrid car price hikes loom

CO₂ feebate backfires, as hybrid car price hikes loom
Right car? A rush of buying will help push up prices. (Image: BusinessDesk)
Brent Melville
As a result that's the polar opposite of its intended outcome, the government’s feebate scheme is likely to help push up prices for low emission and petrol hybrid cars.  That’s on the back of spiralling prices at the petrol pump following the Russian invasion of Ukraine, a lack of supply and as New Zealand importers factor in the rebate that each car attracts, kicking in from April 1.The government’s discount scheme was brought in last July, at first applying only to new or newly imported electric vehicles and plug-in...

More Law & Regulation

Cost-benefit issues in spotlight amid RBNZ review
Finance

Cost-benefit issues in spotlight amid RBNZ review

Commentators raise cost-benefit concerns over the RBNZ's capital settings review.

Calibre Partners seeks buyer for Futureverse
Law & Regulation

Calibre Partners seeks buyer for Futureverse

The insolvency came just over two years after 50T Funds led a $54m funding round.

Gregor Thompson 08 Oct 2025
Former real estate agent Aaron Drever jailed for eight months
Law & Regulation

Former real estate agent Aaron Drever jailed for eight months

A disgraced real estate agent and convicted fraudster has been handed eight more months in prison for deception.Aaron Carl Drever is already behind bars for insolvency crimes, but was sentenced this week to more jail time for concealing income from the Official Assignee while an...

Staff reporters 08 Oct 2025
Philip Stevens named FMA's chief economist
Law & Regulation

Philip Stevens named FMA's chief economist

Philip Stevens has been appointed as the new chief economist of the Financial Markets Authority (FMA).With over 25 years of experience in economics, Stevens holds a doctorate in economics from the University of Oxford and has previously held directorial roles in economics at the...

BD AI 08 Oct 2025