Elec­tric ve­hi­cle fund­ing

South Waikato News - - Motoring -

The Gov­ern­ment has an­nounced a new elec­tric ve­hi­cles fund that will fo­cus on show­cas­ing in­no­va­tion.

Trans­port and En­ergy and Re­sources Min­is­ter Si­mon Bridges to­day re­leased de­tails of the first round of the Low Emis­sion Ve­hi­cles Con­testable Fund.

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.

Up to $4 mil­lion is avail­able in 2016/17, with up to $6 mil­lion avail­able in fu­ture years.

‘‘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.

Mr Bridges says the benefits of in­creas­ing up­take of elec­tric ve­hi­cles are far-reaching.

‘‘They’re cheaper to run than petrol or diesel ve­hi­cles, they’re pow­ered by our abun­dant re­new­able electricity sup­ply, and they’ll re­duce the amount of emis­sions that come from the coun­try’s ve­hi­cle fleet.’’

The fund will be ad­min­is­tered by the En­ergy Ef­fi­ciency and Con­ser­va­tion Au­thor­ity (EECA). The first fund­ing round is ex­pected to open in mid-septem­ber with de­ci­sions made be­fore the end of 2016.

The Tesla 3 is one of the more pop­u­lar elec­tric ve­hi­cles.

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