EV feebate better for rich people - Transport Ministry

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)
Brent Melville
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...

More Law & Regulation

ANZ agrees to record A$240m fine for widespread misconduct
Markets

ANZ agrees to record A$240m fine for widespread misconduct

ANZ has agreed to pay the largest penalty its Australian regulator has ever issued an entity in one go, due to failings in the bank’s dealings with both the Government and its retail customers.ANZ and the Australian Securities and Investments Commission (ASIC) will ask the Federa...

Two more Smiths City stores close as liquidation sale winds up, massive discounts
Retail

Two more Smiths City stores close as liquidation sale winds up, massive discounts

Embattled retailer Smiths City has closed two more stores as its fire sale draws winds up this weekend.Administrators Colin Gower and Diana Matchett of BDO Christchurch on Friday said staff numbers will significantly reduce from next week, with remaining staff to assist with deli...

Staff reporters 12 Sep 2025
Construction suicide costs at $1.3 billion
Infrastructure

Construction suicide costs at $1.3 billion

A survey found that almost one in five workers reported suicidal thoughts.

Chido Machingura 12 Sep 2025
Net assets down, losses widen in Macquarie Group NZ's FY
Finance

Net assets down, losses widen in Macquarie Group NZ's FY

Financial group books wider full-year loss as net assets slip.

Staff reporters 12 Sep 2025