New Zealand Government to Use Emission Trading Scheme to Fund EV Rollout

New Zealand Government to Use Emission Trading Scheme to Fund EV Rollout
New Zealand Prime Minister Jacinda Ardern answers a question during a press conference at Parliament in Wellington, New Zealand, on Oct. 11, 2021. Robert Kitchin/Pool Photo via AP
Rebecca Zhu
Updated:

New Zealand families will be encouraged to scrap their old vehicles in exchange for low-emission alternatives under the government’s Emissions Reduction Plan, with more details to be revealed when the 2022 budget is released.

“This is a landmark day in our transition to a low emissions future,” Prime Minister Jacinda Ardern said. “This is a challenge I know New Zealand can succeed in. Our plan is achievable because it includes a role for government as well as for every community and sector of the economy.”