Day: November 3, 2026

Private buyers are driving EV uptake, but businesses haven’t followed the same trend

Line chart of the fully electric share of new light vehicle registrations by owner type, October 2025 to October 2026. Private buyers rose from about 7% to a peak of 32% after the March fuel price spike; businesses peaked at 14% in March and fell back to 5.8% in October.

Since fuel prices spiked in March, New Zealanders buying new vehicles privately have moved to fully electric models in big numbers. Businesses haven’t followed the same trend. Drive Electric analysed NZTA new vehicle registrations from October 2025 to October 2026, split by whether the buyer was an individual or a company. Businesses buy nearly two […]

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