What is New Zealand's target for electric vehicle chargers?

New Zealand aims to deploy 10,000 public electric vehicle chargers by the year 2030.

How is New Zealand funding the new EV chargers?

The government is providing below-market interest rate loans to private companies for EV charger installation, which is considered a more cost-effective approach than direct grants.

Why is New Zealand investing in more EV chargers?

The investment is intended to overcome the 'chicken-and-egg' problem where charger providers are hesitant to invest due to low demand, and consumers are hesitant to buy EVs due to a lack of chargers.

Home / Technology / NZ Powers Up EV Charging: Loans Spur 10,000 New Points

NZ Powers Up EV Charging: Loans Spur 10,000 New Points

23 Mar

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Summary

New Zealand plans 10,000 EV chargers by 2030.
Loans offer a cheaper alternative to government grants.
EV charger availability remains a barrier to adoption.

NZ Powers Up EV Charging: Loans Spur 10,000 New Points

New Zealand is accelerating its electric vehicle (EV) infrastructure development with a goal of deploying 10,000 public chargers by 2030. To achieve this, the government is implementing a strategy of offering below-market interest rate loans to private companies. This approach aims to minimize taxpayer exposure, with the net cost per charger estimated at around $10,000 after loan repayments.

Transport Minister Chris Bishop highlighted the necessity of this intervention, stating that the reluctance of private sector providers to invest in chargers is a significant barrier to EV adoption. He likened the strategy to past government efforts in rolling out broadband infrastructure to break market deadlock.