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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. ....

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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. ....

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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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