Clean Car Rebate NZ: What is New Zealand Clean Car Rebate and Who Qualifies for it?

Vish Agarwal
Vish Agarwal
Clean Car Rebate NZ

Check out the details about Clean Car Rebate NZ: What is New Zealand Clean Car Rebate and Who Qualifies for it? from this article. Different details about Clean Car Rebate NZ: What is New Zealand Clean Car Rebate and Who Qualifies for it? and other notable details are included in this article.

Clean Car Rebate NZ

The Clean Car Discount is an initiative of the NZ Government. This significant program was launched with the aim of reducing New Zealand’s CO2 Levels. Moreover, the Clean Car Rebate plays a major part in making New Zealand Carbon Neutral by 2050.

Important Links

  1. CPP Payment Dates
  2. ODSP Payment Dates Check
  3. Climate Action Incentive Payment
  4. CRA login, Mileage rate
  5. Unemployment Tax Refund
  6. Canada Tax Brackets

The government introduced this scheme to make low-emission and zero-emission vehicles more affordable for the citizens of NZ. The Clean Car Discount offers fees and rebates for eligible vehicles registered in New Zealand for the first time.

What is New Zealand Clean Car Rebate?

This initiative encourages people to purchase more zero and low-emission vehicles. The rebates or fees on the newly registered vehicles are applied on the basis of their CO2 emission levels.

Clean Car Rebate NZ

This scheme also applies to used vehicles that are brought to NZ. If they have high CO2 emission levels, a higher fee will be applied to them. On the contrary, if a vehicle is registered in NZ for the first time (eligible vehicle) that has a low CO2 emission level, the vehicle will be eligible for a rebate.

The fee is raised on a higher CO2 emission vehicle due to increased economic & environmental costs imposed by that vehicle. This can help people to divert their attention towards zero and low-emission vehicles, as they can get high rebates on them.

Therefore, lower CO2 emission means that the rebates will be higher. In contrast, higher CO2 emission means more fees. The complete information on the Clean Car Rebate and other relevant aspects can be learned through the authorized website of Waka Kotahi NZ Transport Agency.

In case the funds for the rebates run out in the future, the rebates will be stopped. After this, the government will restart the rebate scheme, and only the vehicles meeting the eligibility requirements from the restart date will get rebates.

Who Qualifies for Clean Car Rebate?

Vehicles might get a rebate if they emit below 100 CO2 grams/km. Previously, this threshold was set at 146 g CO2/km. The rebate is given only to the first individual registered to the vehicle. The rebate is not given to the first individual who is either registered as a lessee of the vehicle or is a registered vehicle trader.

Clean Car Rebate New Vehicles

However, the lessee and the registered motor vehicle traders can be eligible if they meet certain conditions. Furthermore, the rebate payments made to the public authorities do not include any GST.

Vehicle Eligibility: Only vehicles meeting certain criteria are eligible for a rebate.

  • Registered in NZ for the first time.
  • The cost of the vehicle is less than 80,000 dollars (including GST + purchase price).
  • The vehicle should have a safety rating of 3 or more stars at the time of registration. (ratings on the Rightcar website).

There have been some changes in the Clean Car Rebate NZ on July 1 this year. Some of the changes include –

  • decrease in the max payable rebate
  • increase in the max applicable fee
  • introduction of a special rebate for low-emission disability vehicles (new/used)
  • decrease in the threshold, i.e., 150 grams of CO2.

The maximum rebate for new vehicles having emissions from 60 – 100 is now 4025 dollars, whereas the maximum rebate for used vehicles having emissions from 60 – 100 is now 2012.50 dollars.

Important Links

  1. Stimulus Checks Payment 2024
  2. Child Tax Credit 2024
  3. Student Loan Forgiveness 2024
  4. Professional Tax Online Payment
  5. H1B Visa Lottery 2024

Clean Car Rebate Amount

According to the new changes –

  • Eligible Vehicles having emissions between 0 and 100 (g CO/km) will get a rebate.
  • Neither a rebate nor a fee will be applied to the vehicles having emissions ranging from 101 to 149 (g CO/km).
  • Fee will be applied on the vehicles having emissions ranging from 150 to 345 (g CO/km).

Check the maximum amount (inclusive of GST)-

Emission New Vehicles Used Vehicles
0 7015 dollars 3507.50 dollars
1 – 60 4025 dollars 2012.50 dollars
61 – 100 (130 – emissions) x 28.75 dollars (130 – emissions) x 57.50 dollars

Check the maximum amount for eligible disability vehicles (inclusive of GST) –

Vehicle Rebate (fixed)
0 11,500 dollars
Hybrids and Plug-in hybrids 5750 dollars

Check the applicable fee –

Emission  Used Vehicles New Vehicles
150 to 259 Fee rate per gram – 28.75 dollars Fee rate per gram – 57.50 dollars
Over 260 Max fee – 3450 dollars Max fee – 6900 dollars

People can learn about all the updates and new changes to Clean Car Rebate from the Waka Kotahi NZ Transport Agency’s website. In addition, they can also check whether their car is eligible for a rebate through the Rightcar website.

ITG Home

TAGGED:
Share This Article
Follow:
A seasoned tax analyst renowned for his expertise in international taxation. Yannick's contributions to the tax news blog provide readers with valuable insights into the complexities of cross-border taxation and compliance.
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *