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

Scott Waghorn's dental practices in liquidation
Law & Regulation

Scott Waghorn's dental practices in liquidation

IRD was the petitioning creditor in each case and is regarded as first-ranking.

Staff reporters 08 Dec 2023
FMA puts permanent stop order in place against David McEwen
Law & Regulation

FMA puts permanent stop order in place against David McEwen

The Financial Markets Authority has made a permanent stop order against stock picker David McEwen.The authority (FMA) issued an interim stop order against McEwen and associated entities last month. It said it had “received several complaints about Mr McEwen and/or entities associ...

Staff reporters 08 Dec 2023