20 Sep 2024
The Government Low Emissions Heavy Vehicle Fund (LEHVF) announced today will help the road transport industry’s transition to clean technologies says National Road Carriers Association (NRC) GM Policy & Advocacy James Smith.
Smith says moving to a low emissions model is challenging for the freight sector for various reasons including infrastructure limitations with charging stations or hydrogen refuelling, high initial costs of electric or hydrogen vehicles, the technology still developing compared with diesel, and the sunk cost and long lifespan of current vehicles.
“A key barrier to transition is the cost of technology. The LEHVF contestable fund created by the Energy Efficiency & Conservation Authority, EECA, has already provided $75.9 million in Government funding to support low emissions heavy vehicles.”
He said examples which have been supported through the programme to date include:
Smith said today’s announcement today means $27.75 million of new funding will be available to the heavy vehicle sector on a non-contestable first come, first served basis to accelerate the uptake of low emissions heavy vehicles, support early adopters and gather operational insights.
For more information about the fund, visit https://www.eeca.govt.nz/co-funding-and-support/products/low-emissions-heavy-vehicle-fund/
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