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EV rebate scheme may drive rise in prices in short-term - dealer

The rebate scheme will encourage more consumers to switch to EVs or hybrid vehicles, a dealer says. Photo: 123RF Over the next year, the government will roll out rebates for the importation of hybrid and electric vehicles, and levies on high-emissions cars. The maximum rebate a consumer would receive is $8625 for an electric or plug-in hybrid vehicle, and $3450 for a used one. New Zealand Automotive Investments (NZAI), which operates the used car retailer, 2 Cheap Cars, imports about 11,000 vehicles per year, of which about 15 to 20 percent are petrol alternatives. Electric vehicles make up about 1 percent of the company s imports. NZAI chief executive David Page said he supported the rebate scheme because it would likely encourage more people to think long and hard about their next vehicle.

EV rebate scheme may drive rise in prices in short-term

EV rebate scheme may drive rise in prices in short-term - dealer Nicholas Pointon © Getty The rebate scheme will encourage more consumers to switch to EVs or hybrid vehicles, a dealer says. Over the next year, the government will roll out rebates for the importation of hybrid and electric vehicles, and levies on high-emissions cars. The maximum rebate a consumer would receive is $8625 for an electric or plug-in hybrid vehicle, and $3450 for a used one. New Zealand Automotive Investments (NZAI), which operates the used car retailer, 2 Cheap Cars, imports about 11,000 vehicles per year, of which about 15 to 20 percent are petrol alternatives.

Market close: Profit-taking drives NZ sharemarket down

Market close: Profit-taking drives NZ sharemarket down
nzherald.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzherald.co.nz Daily Mail and Mail on Sunday newspapers.

New Zealand Automotive Investments aiming to rival Turners, NZX listing tipped

New Zealand Automotive Investments aiming to rival Turners, NZX listing tipped 17 Feb, 2021 04:35 AM 3 minutes to read NZAI chair Karl Smith and CEO David Page at the company s Mt Wellington headquarters. Photo / supplied NZAI chair Karl Smith and CEO David Page at the company s Mt Wellington headquarters. Photo / supplied Jane Phare is a senior business reporter for the New Zealand Heraldjane.phare@nzme.co.nz A second-hand car dealership is gearing up to become a major player in the automotive and finance markets, with aspirations to rival the country s other main used-car group Turners Cars. New Zealand Automotive Investments (NZAI), which has used car dealership 2 Cheap Cars as a subsidiary, is understood to be preparing for a direct listing on the NZX.

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