US EditionGovernment Announces $50 Million Loans to Install More EV Chargers
The government’s $52.7 million zero-interest loans will co-fund 2,574 new EV chargers, more than doubling public infrastructure to about 4,550 nationwide.
- Today ministers said the New Zealand Government announced $52.7 million in zero-interest loans to ChargeNet and Meridian Energy to more than double public EV chargers to around 4,550.
- Transport Minister Chris Bishop said it was a chicken and egg situation, with about 1800 public charge points, among the lowest in the OECD, and 'Many New Zealanders have thought about getting an EV, even before the fuel challenges we're currently facing.'
- The scheme uses a contestable procurement process, with ChargeNet and Meridian Energy co-investing NZD 110 million alongside loans, and officials said the average loan per charge point is $20,000.
- About half the new chargers will be spread across Auckland, Hamilton, Tauranga, the Wellington region, Christchurch, and Dunedin, with 161 charge points in progress, and dealers report sales up at least half in Christchurch and 30% in Auckland, while inquiries have tripled in recent weeks, said Bishop.
- Advocates called for additional policies, with Kirsten Corston warning that $52m is small compared to earlier promises and urging reductions in road user charges.
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Slow chargers underpin Govt's slow-track investment in public EV chargers
Analysis: The statement was upbeat. On Monday, Transport Minister Chris Bishop, and Simon Watts, the Climate Change and Energy Minister, announced 2500-plus EV chargers were “on the way”, thanks to $52.7 million in zero-interest loans from the Government to ChargeNet and Meridian. A footnote to the release said the Government had allocated about $66m of capital funding for concessionary loans. What the statement didn’t say was that money was ori…
Government investing $52.7m towards EV public chargers
Government Ministers, from left, Simon Watts, Nicola Willis and Chris Bishop are promoting the Government’s investment in new electric vehicle chargers. Photo supplied The number of electric vehicle (EV) public chargers around New Zealand will more than double thanks to $52.7 million in zero-interest loans from the Government and co-investment from ChargeNet and Meridian, Transport Minister Chris Bishop and Energy and Climate Change Minister Sim…
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