Additional $1m for EV innovators
The EECA, (Energy Efficiency and Conservation Authority), has brought forward an additional $1 million for the Government’s Low Emission Vehicles Contestable Fund for the 2018/19 financial year, making a grand total of $7 million available for rounds five and six.
“We want to get more projects underway earlier when investment is likely to have a greater impact in accelerating the uptake of EVs,” says EECA’s Chief Executive Andrew Caseley. “This will more effectively support the target of 64,000 EVs by 2021.”
The funding is being moved forward from the final year of the contestable fund, 2020/21.
Round five is due to open in mid-August, with successful applicants from round four announced at around the same time.
The Government has established the Low Emission Vehicles Contestable Fund to encourage innovation and investment to accelerate the uptake of electric and other low emission vehicles in New Zealand, which might not otherwise occur.
Click here to read about past projects that have been approved for funding.
*Featured image is of Yoogo Share. Yoogo Share is New Zealand's first 100 per cent electric car sharing service. It provides businesses and the public with access to a pool of 100 pure EVs from seven hubs around Christchurch. The initiative received co-funding from the Low Emission Vehicles Contestable Fund and the Christchurch Agency for Energy Trust.