NZ funds low-emission vehicle take-up

The government of New Zealand is to fund 21 projects in cities such as Nelson and Tauranga which encourage low-emission transport.
By Ben Spencer March 6, 2020 Read time: 1 min
New Zealand: aiming for lower emissions (© Mykhailo Polenok | Dreamstime.com)

It will pledge NZ$3.8 million of its NZ$7 million Low Emission Vehicle Contestable Fund (LEVCF) while successful applicants will contribute a total of NZ$12m. 

LEVCF offers co-funding each year to projects that encourage the uptake of electric and low emission vehicles. Successful applicants receive as much as 50% of their project costs from the fund and must subsidise the rest themselves. 

Megan Woods, energy and resources minister says: “Transport is the biggest opportunity we have in the energy sector to reduce greenhouse gas emissions. This government is committed to taking action on climate change and transitioning to a low-carbon economy.”

The funding will allow projects such as Foodstuffs and ChargeNet to install public fast chargers at supermarkets, enable Cityhop to purchase 50 electric vehicles for its car-sharing service and help Northpower trial Vehicle to Grid technology at residential addresses. 

The next round of the LEVCF is open for applications on 19 March. It will include support for publicly available secure electric bike storage facilities.
 

Urban Traffic Control

For more information on companies in this article

Related Content

  • Zeleros raises €7m to finance European hyperloop
    June 2, 2020
    Cash will used to push concept forward, says company and its backers
    Read More
  • Barcelona's bike share scheme a life saver
    January 26, 2012
    A recent study of the health benefits of Barcelona's Bicing communal bike share scheme, reveals it is a life-saver, responsible for saving 12 lives a year. Barcelona's community bicycle programme, Bicing, was inaugurated in March 2007. One of several schemes operated in cities around the world by Clear Channel, it has fulfilled its role of providing an efficient, ecologically friendly and critically important form of transport, helping to increase urban mobility and reduce street congestion. Clear Channel h
    Read More
  • Need for real-time traffic information systems on the rise
    March 11, 2015
    New analysis from Frost & Sullivan, Strategic Analysis of Real-time Traffic Information Market in Europe and North America, finds that the number of real-time traffic information subscribers in North America stood at 1.9 million units in 2014 and estimates this to reach 14.2 million in 2021. In Europe, the number is expected to go up from 2.2 million in 2014 to 10.2 million in 2021. With traffic expanding at three times the rate of the economy, the research says the need for intelligent systems like real-ti
    Read More
  • Report analyses multiple ITS projects to highlight cost and benefits
    March 16, 2015
    Every year in America cost benefit analysis is carried out on dozens of ITS installations and pilot studies and the findings, along with the lessons learned, are entered into the Department of Transportation’s (USDOT’s) web-based ITS Knowledge Resources database. This database holds more than 1,600 reports and periodically the USDOT reviews the material on file to draw conclusions from this wider body of evidence. It has just published one such review ITS Benefits, Costs, and Lessons Learned: 2014 Update Re
    Read More

Highlighted Content