CO₂ feebate backfires, as hybrid car price hikes loom

Right car? A rush of buying will help push up prices. (Image: BusinessDesk)

Mon, 14 Mar 2022

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...

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