New Zealand electric vehicle sales soar during petrol price pinch


WELLINGTON: Electric vehicle sales in New Zealand more than tripled in March according to official government figures released this week.

Sales data released by the New Zealand Transport Agency showed 3,108 electric vehicle registrations in March, up from 921 in February.

The sales were driven by increased fuel prices as a result of the war in the Middle East.

During the same period, the average petrol price had risen by more than 30 percent, and diesel prices were up 74 percent.

Transport Minister Chris Bishop said year to date registrations were "nearly 2,000 higher" than the the same time last year.

"It's not surprising that there's a bit of a run on electric vehicles because people are looking at the fuel price and the diesel price and thinking maybe now is the time to make a switch to a cleaner car, and I suspect that will continue," Bishop said.

Electric vehicle sales had dropped in New Zealand after the right-wing coalition government came to power in November 2023, scrapping the "clean car subsidy".

The abandonded policy gave people up to about NZ$7,000 (US$4,000) off an electric vehicle at purchase, while buyers of higher emitting petrol or diesel vehicles payed extra.

Bishop said New Zealand would not be returning to a similar subsidy in light of petrol concerns.

"It was a regressive wealth transfer policy," he said.

"It is not a prudent use of taxpayer money to subsidise high income earners to buy Teslas. That is not a good use of public money." - AFP

 

 

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
New Zealand , electric , vehicle , sales , fuel , crisis

Next In Aseanplus News

Philippines ends rescue operation for 12 missing in building collapse
Asean News Headlines at 10pm on Monday (May 25, 2026)
Pakistan train bombing kills more than 30 people, officials say
WFH initiative has saved govt RM4.22mil in petrol subsidies
Singapore, China call for Middle East ceasefire, stress need to safeguard maritime flows
Wildlife Reserves Singapore ex-employee who received S$200,000 in bribes gets 29 months’ jail
Thailand enters climate crisis as 'Super El Ni�o' threatens historic drought and temperatures above 45�C
Gunung Batu Putih SAR ops suspended, efforts to resume on May 26
Malaysia, India committed to strengthening strategic cooperation, says Ramanan
Get set for a thriller: Kim promises Selangor will take the fight to Buriram in the second leg of the Asean Club Championship Shopee Cup final

Others Also Read