Low Emission Vehicles Contestable Fund- ECCA
The Government has established a 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.
Background to the fund
Transport is responsible for about 18% of New Zealand’s total greenhouse gas emissions each year (45% of energy-related emissions). One of the most effective ways to reduce our total emissions is by transitioning our fossil-fuelled transport fleet to run on clean, renewable electricity.
The Low Emission Vehicles Contestable Fund is one way the Government is helping to accelerate the uptake of electric vehicles (EVs) and other low emissions vehicles.
The fund offers up to $7 million a year to co-fund projects with private and public sector partners in areas where commercial returns aren’t yet strong enough to justify full private investment.
The fund is one of several government activities paid for via a levy on petrol and engine fuels.
It is administered by the Energy Efficiency and Conservation Authority (EECA).
Valid until Friday 31st of July 2020