The Public EV Charging Infrastructure Loans programme aims to accelerate the installation of public EV charge points to support the Government’s target of 10,000 public EV charge points by 2030, by offering concessionary loans from a total pool of around $68.5 million.
The programme has the following objectives:
- Invest ahead of demand and commercial provision by supporting sites that are close to being commercially viable but unlikely to proceed in the short- to medium-term without a degree of government assistance.
- Maximise private sector investment, with the default approach that any Crown capital is recycled over time.
- Take a technology- and market-neutral approach, given there will be changes to battery and charger technology over time, and potential changes to the market providers of charging infrastructure.
Cabinet has tasked NIFF with administering the Public EV Charging Infrastructure Loan programme following NIFF’s previous successful roll out of the Ultra-Fast Broadband programme, the largest co-funded public-private infrastructure initiative in New Zealand.
EECA is providing ongoing technical support for the programme.
Applications for the Loans programme closed on 22 July and are currently being evaluated.
NIFF expects that Loan agreements will be in place by late 2025/early 2026.
Useful links:
Accelerating the roll-out of public EV chargers