Source: New Zealand Government
The number of electric vehicle (EV) public chargers around New Zealand will more than double thanks to $52.7 million in zero-interest loans from the Government and co-investment from ChargeNet and Meridian, Transport Minister Chris Bishop and Energy & Climate Change Minister Simon Watts say.
“Many New Zealanders have thought about getting an EV, even before the fuel challenges we’re currently facing. But research shows that the lack of public chargers is holding many back from making the switch to an EV,” Mr Bishop says.
“The private sector is reluctant to invest in charging infrastructure until there’s sufficient demand, but demand won’t grow until the lack of public chargers stops putting buyers off. Just as the previous National-led Government did with the ultrafast broadband network rollout, we’re taking action to break that deadlock.”
ChargeNet and Meridian Energy were selected through a contestable, value-for-money bid process. Both companies are co-investing a combined $60 million of their own capital alongside the Government loans, taking the total investment to over $110 million.
“Concessionary loans bring forward private investment in public EV charging infrastructure by lowering the cost of capital, while keeping the taxpayer’s contribution to a minimum,” Mr Bishop says.
“In this case, the average loan per charge point is $20,000, but once repayments are factored in, the net cost to the Crown is around $10,000 per charger, roughly a quarter of what a direct grant would cost.
“We’re also changing our planning rules to make the installation of public EV chargers a permitted activity under the RMA, meaning in most cases no consent is required – another factor that will help to speed up delivery.”
The 2,574 new charge points include 1,374 DC fast chargers and 1,200 AC chargers. DC fast chargers deliver power directly to the battery and can charge a car in 20 to 60 minutes, making them suited to highways and destinations where people stop briefly. AC chargers are slower and better suited to places where cars are parked for longer periods, like shopping centres, workplaces, and residential areas.
“About half the new chargers will be spread across Auckland, Hamilton, Tauranga, the Wellington region, Christchurch, and Dunedin, with the other half throughout the regions, so drivers outside the main centres will benefit too,” Mr Bishop says.
“New Zealand currently has a bit over 1,800 public charge points, which is among the lowest charger-to-EV ratios in the OECD. Another 161 charge points are also in progress. Combined with the investment being announced today, the national total will be around 4,550. The Government is working towards 10,000 charge points by 2030, roughly one for every 40 EVs.”
“Owning an EV in New Zealand already makes strong financial sense. Electricity is cheaper than petrol and almost entirely generated from renewable sources like wind, geothermal, solar, and hydro,” Mr Watts says.
“Kiwis are already making the shift to electric vehicles as a cost-of-living choice, and we have seen uptake grow. In February 2026, EV sales were up 10.5 per cent on the same month last year – and anecdotal evidence suggests even greater interest over the past couple of weeks as conflict in the Middle East has seen fuel prices increase.
“At a time when global fuel markets are volatile, that matters.
“A better charging network means more New Zealanders can take advantage of it, and that’s good for household budgets and our emissions profile alike. EVs produce at least 60 percent fewer lifecycle emissions than petrol vehicles.”
Notes to editor:
- Concessionary loans are loans at below-market interest rates (in this case, zero-interest) which incentivise charge point operators to invest in charging infrastructure ahead of demand. The repaid capital can be used for new loans if co-investment is still required or allocated to other initiatives.
- The loans are administered by National Infrastructure Funding and Financing (NIFFCo), the successor organisation to Crown Infrastructure Partners (which delivered Ultra-Fast Broadband). EECA will provide assistance as required.
- The Government has allocated $66.145m of capital funding for concessionary loans.
- The concessionary loans will fund up to 50 percent of project capital costs, have a zero percent interest rate, and a maximum tenure of 13 years. The loans have been awarded through a contestable co-investment bid process.
- Applications were assessed against value-for-money criteria to ensure loans are awarded to projects of greatest benefit and that New Zealand’s EV charging network grows at pace.
- Consumer monitoring by EECA consistently shows that some of the main perceived disadvantages of EVs include that the driving range is not suitable for long distance travel, and that there are not enough public chargers available. Increasing the availability of public charging infrastructure gives drivers the confidence to switch to an electric vehicle. See EECA’s EV Charging research October 2025 update – EV Charging Research
