And the Productivity Commission has also cast doubt over a feebate scheme, such as the one the Government announced this morning. The Government wants to introduce legislation which would place a subsidy of up to $8000 on emissions-free vehicles imported into New Zealand. This would be paid for by also placing a $3000 tax on the highest greenhouse gas-emitting cars imported to New Zealand. But, according to Government figures, of the top 10 most popular used imported vehicles sold to low-income households, seven would receive a discount. Meanwhile, ACT Party leader David Seymour said the Government's feebate scheme ignores the subsidies already in place for electric vehicles.

Source: Otago Daily Times July 09, 2019 02:15 UTC