Here is a real world example for all members overseas.
Here is NZ EV story in a graph below.
The subsidies for EVs were ceased in Dec 23, as seen by the graph below, Road user chargers were also bought in for PHEV and EV in Jun 24.
Milestones - April 22 - Subsidies began, offset with a tax on high-emitting vehicles such as Utes. EV uptake subsidy costs were much higher than the tax received from Ute sales, never economically sustainable.
New centre-right government ceased the subsidies in Dec 2023. You will see a short race to gain subsidy benefits.
Feb 24 - Sales dropped due to road user charges and subsidies falling off. You also have to take into consideration the economy. NZ is in a deep recession at the moment, worse than the GFC (2008). As a small market, we are much more susceptible to external factors such as export trends, lack of tourism, geo-politics etc.
The graph shows that we are normalising again. Considering the April 22 stats vs current, the uptake is still increasing, when considering economics. Lets be real here people. It was a bubble, but it won't die, it will just continue on a normalised trajectory as the next-generation of car owners manage range anxiety and the charging infrastructure improves. Nothing in life is a silver bullet solution.
(20min delay)