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22 Apr 2024 11:46
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  •   Home > News > Business

    Concern around an excess of electric vehicles supply

    Concern around an excess of electric vehicles supply


    EVs have fallen from one in four new vehicles bought in 2023 to one in 26 in January this year - after the Government scrapped the clean car rebate.

    Brands are now having to rethink - and discount - EV stock they ordered when demand was at an all-time high.

    Toyota NZ chief executive Neeraj Lala says they order their cars a year in advance.

    He says even if they can foresee a government change, there's only about six to eight weeks notice - and the market can't respond quickly enough.

    © 2024 Newstalk ZB, NZCity

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