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$10m Kiwi fund for EVs

August 12, 2016 12:40 pm Category: Automotive, Latest News A+ / A-
Unlike Australia, policy makers in NZ are serious about EVs

Unlike Australia, policy makers in NZ are serious about EVs

The NZ Government has announced NZ$4 million first round funding to accelerate the uptake of Electric Vehicles in the country.

Transport and Energy and Resources Minister Simon Bridges this week released details of the first round of the Low Emission Vehicles Contestable Fund, which will be followed by another NZ$6 million in further funding..

The fund is part of the Government’s ambitious electric vehicles (EVs) programme announced in May to help accelerate the uptake of EVs in New Zealand.

“We’ve set a target to double the number of EVs on our roads each year to reach 64,000 by 2021. The contestable fund is one of the 14 ambitious and wide ranging initiatives we announced in May to help achieve this target,” Mr Bridges says.

“The principle of the fund is to accelerate the uptake of electric and other low emission vehicles in New Zealand that might not otherwise occur. For example, it will focus on projects that aim to increase the variety and supply of EVs available, the availability of charging infrastructure and projects that are developing innovative products or systems.”

The first funding round will focus specifically on projects that can be implemented relatively quickly.

“We want to support innovative New Zealand organisations to get projects up and running as quickly as possible so we can see more electric vehicles replacing fossil-fuelled ones on New Zealand roads,” Mr Bridges says.

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