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Last Updated: Apr 25, 2025 | Study Period: 2023-2030
This government's Labour and Green party partnership will encourage long-term development in electric vehicle sales by improving incentives for EV adoption in 2021, propelling New Zealand to the forefront of Adoption of electric vehicles in Asia.
With the implementation of the EV incentives, the New Zealand government proposed a "UTE tax" of a considerable amount on every new UTE sale, claiming that this would help to stimulate and fund the EV incentive program. UTEs account for a large amount of sales to the journeyman market, and this large segment currently lacks an EV powered alternative.
| S No | Overview of Development | Development Detailing | Region of Development | Possible Future Outcomes |
| 1 | NZ passes latest plans to subsidize EV purchases within the market | This will help in better adoption rates towards hybrid vehicles and BEVs as part of Low income and Middle income penetration of the markets. | New Zealand | This would enhance better Technological Controls |
| 2 | New Zealand to Speed Electric Car Adoption to Cut Emissions | The Ardern government publishes first emissions reduction plan | New Zealand | This would enhance better Technological Controls |
| 3 | New Zealand passes EV legislation | To guarantee that it reaches its greenhouse gas reduction targets, New Zealand has established legislation that establishes criteria for electric vehicles (EVs). | New Zealand | This would enhance better Technological Controls |
| 4 | More zero-emission trucks hitting New Zealand roads | The first electric truck experiment begins in Auckland's Zero Emissions Area (ZEA) at the same time that a major manufacturer announces the arrival of its first hydrogen fuel cell-powered truck. | New Zealand | This would enhance better Technological Controls |
The electric vehicle (EV) market in New Zealand may be poised for exponential growth as a result of the government's emissions reduction goals. Because pickup trucks are expected to dominate the sector, EV pickup trucks represent a clear opportunity and a reasonably simple market entry with no local compliance legislation.
Local compliance is usually achieved in the country of origin through a self-certification process implemented by the local importer.
Fuso Trucks is a leading mobiliser of the various explorer oriented electric vehicle manufacturer requirements in the market. The FUSO within Auckland, New Zealand's largest city, the eCanter will be utilised for delivery and customer service.
The locally CO2-neutral eCanter has been added to the Genesis fleet in order to help the company achieve its goal of lowering greenhouse gas emissions. The Advanced Emergency Braking System, Lane Departure Warning System, and Electronic Stability Program are all included in the vehicle's safety.
Hyundai Trucks and Bus is a leading mobiliser of the various explorer oriented electric vehicle manufacturer requirements in the market. HMC's zero-emission buses seems to be the result of its designers' never-ending quest for commercial trucks that are practical, reliable, and unique.
This breakthrough, which is in line with the era of smart globalisation, embodies the exquisite mix of CV engineers' experience and expertise. With its modern design that is equivalent to that of advanced countries, the new model, Elec City, has re-established the character of modern mass transit. It also hints to Hyundai's future plans and mind-set.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2023-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2023-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2023-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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