EV Market Stats 2024

Tracking the growth of electric vehicles in New Zealand.

January 31, 2024       9 min read
EV Sttats

The number of EVs in NZ has grown considerably since 2021, when the Clean Car Discount was introduced. The scheme, offering rebates on new EV registrations, came to a close in December 2023.

The expansion in market share can also be linked to a broader selection of EV models and favourable pricing for entry-level vehicles.

How many fully electric vehicles are there in New Zealand?

As of the end of January 2024, there are over 73,000 fully electric light vehicles (plus a further 30,000 plug-in hybrids).

Cumulative number of fully electric vehicles in NZ

What proportion of new cars registered each month are fully electric?

The new passenger car market is showing the strongest shift toward electric vehicles. Month-to-month numbers vary considerably (often skewed by large deliveries of Tesla vehicles once a quarter).

January 2024 – the first month without rebates – shows a market adjustment following an extremely high number of EV registrations in December 2023. The EV numbers in January were the lowest since May 2021.

Many EV buyers had ‘pulled forward’ purchases in December 2023, while combustion vehicle buyers deferred purchases (awaiting the end of fees).

Monthly number of new battery electric cars and market share

See a more detailed analysis of EVs in the new car market.

How many plug-in vehicles are there in NZ?

External electric energy can power both fully electric vehicles and plug-in hybrid vehicles (PHEV). However, PHEVs can only travel short distances on purely electric. The PHEV market is strong, driven predominantly by Mitsubishi plug-ins.

Cumulative number of plug-in vehicles registered in NZ

What proportion of new cars sold monthly are plug-in hybrid or fully electric?

In 2023, over 1 out of 4 new cars registered in NZ were fully electric or plug-in hybrid.

Monthly number of new plug-in cars and market share

How has the electric car market share grown over time?

In 2018, just over 1% of all new cars registered were electric. In 2023, the market share of battery-electric and plug-in hybrid cars was over 27%. This growth corresponds with a decline in demand for petrol-only cars.

Annual plug-in market share of new car registrations

Market share has grown year-on-year.

What proportion of new utes or vans registered are plug-in hybrid or electric?

Only 1.5% of all new utes and vans registered in 2023 were electric vehicles.

See more analysis of the light vehicle market.

References

Data sourced from Waka Kotahi and the Ministry of Transport (see links and definitions).