Eroad stock jumps 25% after update on road user charges

One of the in-vehicle telematics devices provided by Eroad. (Image: Eroad)

Thu, 07 Aug 2025

The share price for telematics and fleet management provider Eroad has reached a three-year high off the back of a Government announcement on transitioning the light vehicle fleet to road user charges.The dual-listed company was trading at around $1.55 on the NZX on Wednesday afternoon, not long after Transport Minister Chris Bishop provided an update about moving the light vehicle fleet off fuel excise duties.As of 1pm on Thursday, the stock had appreciated to $2.00, up 25% since trading opened. Ellerston Capital, an Australian investment...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

On the Money

On the Money: Kathmandu, the Warehouse, Luxon, and more

Your weekly dose of corporate fun.

Victoria Young 5:00am

Opinion

Eden Bradfield: CEOs prove pay is not performance

Understanding short and long-term incentives.

Eden Bradfield 5:00am

Technology Opinion

Altman’s AI power grab is tone deaf and infeasible

A bit more nuance and creativity, plus a dash of realism, is in order.

Bloomberg 5:00am

Altman’s AI power grab is tone deaf and infeasible

Sponsored

Fiji’s exclusive side revealed

Private islands and 5-star luxury, closer than you think.

Tourism Fiji

Sponsored

The double edge of AI in cyber security

Artificial intelligence has the potential to become both a lifeline and a liability for modern organisations, as a revolutionary tool capable of spotting threats at lightning speed, but also the ultimate weapon in the hands of cybercriminals.

Spark