New Zealand opens $21 million round of EV charger loans
The government expands zero-interest financing program to accelerate public charging deployment and advance its target of 10,000 EV chargers by 2030.
The New Zealand government has launched a second round of zero-interest loans aimed at accelerating the rollout of public electric vehicle (EV) charging infrastructure, as it works toward a national target of 10,000 public charge points by 2030.
Transport Minister Chris Bishop and Energy Minister Simeon Brown announced that approximately NZ$21 million will be made available through National Infrastructure Funding and Financing (NIFFCo) to support charge point operators developing public charging networks across the country.
“Many Kiwis are interested in making the switch to an EV to cut down on fuel costs or their carbon footprint, but we continue to hear concerns about access to public chargers,” said Bishop.
The second funding round follows a program launched earlier this year that supported projects from ChargeNet and Meridian Energy. According to the government, those investments are expected to add 2,574 new charging points and more than double New Zealand’s existing public charging network.
The initiative forms part of a broader government strategy to support electrification, which also includes measures related to smart charging, rooftop solar adoption and streamlined approvals for EV charging infrastructure.
