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scuwp:
Looks like RUC for all is now officially on the plan...
Government Policy Statement on land transport | Ministry of Transport
Yes, it is in the consultation document:
And it was in the current governments collation agreement.
https://www.nzdoctor.co.nz/sites/default/files/2023-11/National_ACT_Agreement.pdf
Of course neither have any timeline to move all vehicles to RUC.
Seems EV's are getting traditional label based RUC's, not electronic ones at the start as well.
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networkn:
Citation required.
Granted it is hard to split out the impacts of ending the clean car discount (which came around the same time as the announcement of the EV & PHEV RUC rate), but it is pretty clear that EV & PHEV registrations have dropped to the floor this year.
Some quotes from toyota NZ's CEO:
Flagging large amount of BEV stock on hand in NZ:
I heard at a Motor Industry Association meeting the other day somebody saying that there are more than a thousand [new] BEVs on the concrete at the moment, and for some companies there’s potentially more than a year’s supply,” said Lala.
Pointed at the previous government re design of the clean car discount, but also holds valid to the current admirations decision to set the EV RUC rate at a level far higher than what competing petrol hybrids pay in road tax.
“What we’ve been trying to communicate is the way the previous government responded to the crisis created havoc [and did not] improve the situation. [...] The wild swings between record high months and record low months make running a business incredibly difficult. This level of volatility is not sustainable.
https://www.stuff.co.nz/motoring/350200302/toyota-nz-ceo-sounds-alarm-over-plunging-ev-resale-values
To give an example of the impact, VW has just announced they are no longer going to offer the ID.4 in NZ, and are clearing the their remaining stock at a $20k discount (25%). This is likely them dumping stock at a loss, something which will make them very cautious about offering new BEV models in NZ again.
networkn:
Based on what evidence?
Plenty of research & literature on this topic if you want to read up on it.
“The damage due to cars, for practical purposes, when we are designing pavements, is basically zero. It’s not actually zero, but it’s so much smaller -- orders of magnitude smaller -- that we don’t even bother with them,” said Karim Chatti, a civil engineer from Michigan State University in East Lansing.
https://www.insidescience.org/news/how-much-damage-do-heavy-trucks-do-our-roads
also note that the RUC rate for up to 3500kg is 76c/km RUC rate for up to 6000kg gvm (2 axles, single rear wheel) is just 6 cents more...
Mike
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MikeAqua:
At the same time, the economy has dropped to the floor. A new EV is a (typically) non-commercial and expensive vehicle that is (usually) a non-essential purchase. It may be just a response to economic conditions.
Talk of a global recession & high interest rates are putting a damper on spending. And of course people are back spending big on international travel.
Should note car's aren't the only thing impacted here. Boats & (peddle) Bikes are also impacted. We had a major boat dealership go bust in the last couple of days.
EV demand saw a massive surge when Russia invaded Ukraine (and oil prices) spiked. This has now subsided, which production is still ramping up, meaning there is now a surplus of EV's globally, rather than long wait time's.
Also NZ was at 14.74% plug in car market share for new light vehicle registrations, which is pretty much exactly the Chase in the adoption curve (i.e. the early adaptors have had their fill, but the Mainstream isn't fully onboard)
So yeah, hard to split out exactly the impact of RUC's from everything else that is going on.
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MikeAqua:
At the same time, the economy has dropped to the floor. A new EV is a (typically) non-commercial and expensive vehicle that is (usually) a non-essential purchase. It may be just a response to economic conditions.
If the primary reason for EV sales falling was a falling economy, we would expect to see a nearly equally precipitous drop in sales generally. Equally you would expect a big drop in diesel sales as the majority of light diesel on our roads are utes, and top end utes are more expensive than most EVs.
Apart from a blip in December (which as you point out, is a weird month due to Christmas etc) this is not the case. More diesels sold in January and February 2024 than in any month from August to November. If you change February's EV sales to, say, September's figure, total vehicle sales would be back to late 2023 levels.
It really can't be clearer from the sales figures that the major driving factor in the sudden drop in EV sales was the removal of the Clean Car Discount scheme.
EDIT - GZ killed the table after I posted for some reason.
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SaltyNZ:
It really can't be clearer from the sales figures that the major driving factor in the sudden drop in EV sales was the removal of the Clean Car Discount scheme.
So far what I have seen from fairly consistently out of this entire thread is that people buy EV's because they have no RUC, or if fellow taxpayers subsidize them. It's not exactly painting the prettiest pictures of EV owners.
Perhaps the real problem is that EV's don't present value at their current FULL prices. That seems to be something that either the buyers, or the sellers need to sort out, not the taxpayer.
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