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EV sales continue to drop with removal of incentives

Author
Newstalk ZB,
Publish Date
Thu, 4 Apr 2024, 8:07AM
(Photo / Getty)
(Photo / Getty)

EV sales continue to drop with removal of incentives

Author
Newstalk ZB,
Publish Date
Thu, 4 Apr 2024, 8:07AM

Mixed reports from electric vehicle dealers following a further softening of the market.  

It took another plunge in March with just 9% of passenger car sales being EV, falling from about 27% for all of 2023.  

Vehicle Import Association Chief Executive Greig Epps told Mike Hosking that some dealers are doing better than expected while others are having a tough time. 

He says there was a real rush, with the incentive helping to create demand. 

But in the aftermath to that —and with cost-of-living impacts and interest rates— we're now seeing a tail off. 

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