Tesla NZ’s revenue accelerates
Tesla New Zealand’s revenues have soared since the government’s introduction of the clean car discount (CCD), jumping from $66 million in 2020 to $499.5m last year.
The company’s financial statements for the 2022 calendar year also show revenue more than doubled from $230.7m in 2021, reports the NZ Herald.
Net profits have increased over the same period, rising from $2.2m in 2021 to $8m last year.
Rebates on eligible electric vehicles (EVs) have been available to consumers since the CCD was implemented in July 2021.
Tesla’s models have attracted the full discount of $8,625 when first registered in New Zealand, although the maximum incentive for zero-emissions models will drop to $7,015 from July this year.
The NZ Herald says analysis of data shows 9,730 Tesla cars have been bought and attracted $83m in rebates in the period from the policy starting until March this year.
Kieran McAnulty, Acting Minister of Transport, told the NZ Herald more than 100,000 rebates have been granted under the CCD and the regime was working to slash carbon dioxide (CO2) emissions from the fleet.
The National Party has repeatedly criticised the policy and its transport spokesman, Simeon Brown, says the latest figures show the biggest beneficiary of the scheme is Elon Musk, Tesla’s boss.
