{"id":156,"date":"2021-01-28T08:06:17","date_gmt":"2021-01-27T19:06:17","guid":{"rendered":"http:\/\/retyna.co.nz\/?p=156"},"modified":"2025-11-04T16:47:23","modified_gmt":"2025-11-04T03:47:23","slug":"electric-vehicles-can-save-new-zealanders-15-billion","status":"publish","type":"post","link":"https:\/\/retyna.co.nz\/index.php\/2021\/01\/28\/electric-vehicles-can-save-new-zealanders-15-billion\/","title":{"rendered":"Electric Vehicles can save New Zealanders $15 billion"},"content":{"rendered":"\n<p class=\"has-accent-text-color has-text-color has-link-color wp-elements-4507e20f08c5221b0c83e081e154f8f2\"><\/p>\n\n\n\n<p class=\"has-accent-text-color has-text-color has-link-color wp-elements-d5fad4cacf936eae47a0fe5c55b765d5\">A new study on Electric Vehicles (EVs) shows a more rapid uptake of EVs could save New Zealanders $15 billion in vehicle, fuel, and carbon emission costs by 2050. <a href=\"https:\/\/www.concept.co.nz\/uploads\/1\/2\/8\/3\/128396759\/ev_study_rept_1_v1.0__1_.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">View study<\/a><\/p>\n\n\n\n<p class=\"has-accent-text-color has-text-color has-link-color wp-elements-48d8767c84fe394ad06c89c6e5bf7bde\"><br>\nThe study by Concept Consulting and Retyna shows there is\nboth an economic opportunity and an environmental imperative to accelerate EV\nuptake:<br>\n<br>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-accent-text-color has-text-color has-link-color wp-elements-e4b69d809fb583398cd1acbe34aba86b\">The opportunity is because EVs are already cost-effective for some New Zealand households and businesses who drive longer distances each year, and at the current rate of cost and performance improvements they should be economic for the vast majority of New Zealanders purchasing a new vehicle within a few years.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-accent-text-color has-text-color has-link-color wp-elements-2d2c1d8b3b3d44c06c15f726b0165424\">The imperative is because vehicles are a major<br>source of emissions, and without accelerated uptake, it will be substantially<br>harder for New Zealand to meet its climate change commitments.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-accent-text-color has-text-color has-link-color wp-elements-a7c486389ced2b9d9af41b557a35f1a7\">The study shows that accelerating the uptake of EVs could\nsave New Zealanders $10bn in vehicle and fuel costs out to 2050, with a further\n$5bn reduction in carbon costs.<\/p>\n\n\n\n<p class=\"has-accent-text-color has-text-color has-link-color wp-elements-143539b0b813ff415e71af229b80a326\"><br>\n\u201cGiven our low-cost renewable electricity resource, the\nenvironmental and economic gains from EV uptake should be among the greatest in\nthe world\u201d says Concept Consulting Director, Simon Coates. However, the study\nfinds that our current lack of policies to overcome the significant barriers\nfacing EV uptake is resulting in New Zealand falling substantially behind\noverseas markets such as Europe.<\/p>\n\n\n\n<p class=\"has-accent-text-color has-text-color has-link-color wp-elements-655307ae57d58dd29a4a791f7a8f49db\"><br>\nDrawing upon overseas experiences, complemented with\nNZ-specific modelling, the study identifies three \u2018core\u2019 policy measures to\ndeliver optimal rates of EV uptake. Two of them were proposed, but not\nimplemented, by the last coalition government:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-accent-text-color has-text-color has-link-color wp-elements-726de7b368257fe4c0d1d382b7da23d2\">A Fleet Emissions Standard (referred to as a<br>\u2018clean car standard\u2019 in the 2019 proposal) which requires vehicle importers to<br>supply vehicles whose average emissions across the fleet are below a target,<br>backed up by a financial penalty for falling short.<\/li>\n\n\n\n<li class=\"has-accent-text-color has-text-color has-link-color wp-elements-ac5486d0216fcdddb899de38717ffc93\">A Feebate scheme (referred to as a \u2018clean car<br>discount\u2019 in the 2019 proposal) which offers discounts for low-emissions<br>vehicles funded from increases in the purchase price of high emissions vehicles.<br><br><br><br><\/li>\n<\/ul>\n\n\n\n<p class=\"has-accent-text-color has-text-color has-link-color wp-elements-e40549681dcdde0dbba44cdf2c2ef101\">The third policy measure is an \u2018ICE ban\u2019 which would prohibit\nthe sale of new petrol and diesel Internal Combustion Engine (ICE) vehicles.\nThe study indicates an appropriate date for such a ban for passenger vehicles\nshould be no later than 2035, and probably earlier subject to further analysis.\nSuch bans are increasingly being put in place by overseas countries on the\ngrounds that not to do so would compromise their ability to meet their climate\ncommitments. In this vein, the key right-hand-drive market of the UK recently\nbrought forward its ban to 2030, and Japan has introduced a 2035 ban. Without\nsuch a policy, New Zealand risks missing its own targets, and being a petrol\nand diesel vehicle \u2018dumping ground\u2019 for manufacturers wishing to sell their\nremaining stock, thereby locking-in higher emissions for New Zealand over the\n20-year average lifetime of a vehicle in New Zealand.<\/p>\n\n\n\n<p class=\"has-accent-text-color has-text-color has-link-color wp-elements-b0b1b7ca068aab548facb45acaf46685\"><br>\nThe study identifies that implementing these complementary\npolicies together will maximise their collective effectiveness and deliver the\ngreatest benefit to New Zealand.<\/p>\n\n\n\n<p class=\"has-accent-text-color has-text-color has-link-color wp-elements-d1681a107b80c783b5914a297b730f34\">While greatest attention has been on light vehicles, the\nstudy finds that a similar suite of policies are required for trucks \u2013 the\nfastest growing source of our vehicle emissions, and a contributor to the $15bn\nmodelled benefit from faster EV uptake.<\/p>\n\n\n\n<p class=\"has-accent-text-color has-text-color has-link-color wp-elements-50bb768f9b35cdf8919a9724646e7883\"><br>The study reflects the views and analysis of Concept and Retyna, and was funded by 15 companies and organisations from across the electricity and motor vehicle industries.<\/p>\n\n\n\n<p class=\"has-accent-text-color has-text-color has-link-color wp-elements-4507e20f08c5221b0c83e081e154f8f2\"><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new study on Electric Vehicles (EVs) shows a more rapid uptake of EVs could save New Zealanders $15 billion in vehicle, fuel, and carbon emission costs by 2050. View study The study by Concept Consulting and Retyna shows there is both an economic opportunity and an environmental imperative to accelerate EV uptake: The study [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-156","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/retyna.co.nz\/index.php\/wp-json\/wp\/v2\/posts\/156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/retyna.co.nz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/retyna.co.nz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/retyna.co.nz\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/retyna.co.nz\/index.php\/wp-json\/wp\/v2\/comments?post=156"}],"version-history":[{"count":4,"href":"https:\/\/retyna.co.nz\/index.php\/wp-json\/wp\/v2\/posts\/156\/revisions"}],"predecessor-version":[{"id":410,"href":"https:\/\/retyna.co.nz\/index.php\/wp-json\/wp\/v2\/posts\/156\/revisions\/410"}],"wp:attachment":[{"href":"https:\/\/retyna.co.nz\/index.php\/wp-json\/wp\/v2\/media?parent=156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/retyna.co.nz\/index.php\/wp-json\/wp\/v2\/categories?post=156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/retyna.co.nz\/index.php\/wp-json\/wp\/v2\/tags?post=156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}