We are about 16 hours away from the new electric Mini being announced. I am now suddenly in favour of this.

GV27:

 

We are about 16 hours away from the new electric Mini being announced. I am now suddenly in favour of this.

 

They had one in a room at Goodwood, no photos. Looks.... a lot like the current Mini, but with a different dash setup. 

Will the envisioned falling large vehicle sales still provide enough tax revenue to supply a subsidy to the smaller more fuel-efficient vehicles? How efficient will this transfer be? Now we have the short-term plan, what's the mid-term plan?

lxsw20:

 

They had one in a room at Goodwood, no photos. Looks.... a lot like the current Mini, but with a different dash setup. 

 

Well whatever it looks like, it just got $8K cheaper 😋 Which probably means the price here just got $8K higher. 

Obraik:

tdgeek:

 

Obraik: Something is finally happening https://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=12247724

 

 

 

You need to read further, its emissions based not EV based, although EV's to mid level get a larger benefit. RUC to come off has has not been successful

 

 

 

Interesting they say its taxpayer cost free, but its not, if you need a larger car or you are a tradie

 

 

 

The moves will encourage smaller cars and newer cars.

 

You only get the full $8k if it’s a EV

Yes, thats correct. Unsure what thats got to do with my comment that it will encourage smaller cars and newer cars.

wsnz:

 

Will the envisioned falling large vehicle sales still provide enough tax revenue to supply a subsidy to the smaller more fuel-efficient vehicles? How efficient will this transfer be? Now we have the short-term plan, what's the mid-term plan?

 

Agree. They say it will neutral. So when new ICE sales reduce so will subsidies for qualifying ICE, PHEV and EV need to reduce. If older larger ICE will get more costly, and newer smaller ICE get cheaper, there would be a worthwhile discount on those as they are not expensive anyway. Either way we would see less large ICE to fund the small ICE, PHEV and EV  

wsnz:

 

Will the envisioned falling large vehicle sales still provide enough tax revenue to supply a subsidy to the smaller more fuel-efficient vehicles? How efficient will this transfer be? Now we have the short-term plan, what's the mid-term plan?

 

I think the opposite will be true in the long term. Large vehicles will be a drain on Govt funds due to their emissions and consequent climate change costs.

You might also see smaller, more fuel-efficient vehicles as a boost to the economy; owners will have lower expenses, and will spend or invest the savings, and the money will go back into the economy.

Every time a subsidy is announced, companies appear like mushrooms and price of products increase rapidly by the same amount of the subsidy.

This may or may not happen with the EVs.

Batman:

 

Every time a subsidy is announced, companies appear like mushrooms and price of products increase rapidly by the same amount of the subsidy.

 

This may or may not happen with the EVs.

 

It hasn't happened in other countries that give EV subsidies.

Batman:

Every time a subsidy is announced, companies appear like mushrooms and price of products increase rapidly by the same amount of the subsidy.

This may or may not happen with the EVs.

I am a tad disappointed that they're giving any subsidies to any ICE vehicles - I personally think the subsidies should be kept to zero emission vehicles only.  I'm not opposed to the $80k cut off but it does mean something like the Tesla Model 3 now has a large gap between its entry level model ($66k after the incentive) and the next model up (which is above the cap at $94k) - that's something Tesla will have to resolve, though.  Pricing on all EVs is likely to be different in 2021 vs what it is today so I guess it's not really worth worrying about at the moment.

Obraik:

 

I am a tad disappointed that they're giving any subsidies to any ICE vehicles - I personally think the subsidies should be kept to zero emission vehicles only.  I'm not opposed to the $80k cut off but it does mean something like the Tesla Model 3 now has a large gap between its entry level model ($66k after the incentive) and the next model up (which is above the cap at $94k) - that's something Tesla will have to resolve, though.  Pricing on all EVs is likely to be different in 2021 vs what it is today so I guess it's not really worth worrying about at the moment.

 

If 80k is the cutoff, you would imagine it will be as sliding scale, perhaps 8k at 60k car sliding down to zero at 80k car

Its an emissions reducing scheme not an EV scheme, thats why it encourages smaller and newer ICE to reduce emissions

RUC goes back on to EV;s but that apparently isn't an issue, so that makes sense

As you say, plenty will change  between now and then

afe66:

Batman:

 

Every time a subsidy is announced, companies appear like mushrooms and price of products increase rapidly by the same amount of the subsidy.

 

 

 

This may or may not happen with the EVs.

 

That also requires the various manufacturers to all agree to do it.

If prices stay "high" even after the 8k discount then their may be accusations of profiteering which would be bad PR for manufacturers....

Small second hand dealers might play the game a little though. But if the price of new cars drop but not second hand you might find people just paying a little more and getting new from manufacturers rather than only slightly cheaper second hand..

As manufacturers prices are well know Id have thought that they would play ball. Imports tbough, "this is what all the costs add up to for the price"

tdgeek:

 

Obraik:

 

I am a tad disappointed that they're giving any subsidies to any ICE vehicles - I personally think the subsidies should be kept to zero emission vehicles only.  I'm not opposed to the $80k cut off but it does mean something like the Tesla Model 3 now has a large gap between its entry level model ($66k after the incentive) and the next model up (which is above the cap at $94k) - that's something Tesla will have to resolve, though.  Pricing on all EVs is likely to be different in 2021 vs what it is today so I guess it's not really worth worrying about at the moment.

 

 

If 80k is the cutoff, you would imagine it will be as sliding scale, perhaps 8k at 60k car sliding down to zero at 80k car

 

Nope , it appears to be a hard break, 

If you look at page 43 of the consultation document they include the Renault Kangoo ($77,900) as getting the 8K reduction, along with the I3 ($77,200)..