Kirsten Corson

Yeah, well, we saw a huge spike in March, but I guess what the report shows is globally there's significant year-on-year growth in EVs.

Whilst it's been pretty tough in New Zealand, globally EVs are going strong.

One in four sales are electrics.

Pure electrics are one that have got absolutely no combustion engine in there, and then a PHEV, which is a plug-in hybrid electric vehicle, that's got a combination of a petrol engine in there as well.

Yeah, you're on the money.

Well, I think the interesting thing that this report shows is there's been a shift.

This isn't an environmental decision anymore.

This is an economic one.

And what we've seen in the last three years is a massive emergence of countries like Ethiopia, 60%.

Electric.

You know, new vehicle sales are electric.

Vietnam, 40%.

Thailand, 28%.

Turkey, 22%.

These are all emerging nations that are making the transition purely from an economic perspective because they do not want to import fossil fuels.

Well, what we've seen –

even in New Zealand, is that the cost has come down.

So now we've got $30,000 EVs.

But the problem here is we've got no demand-side policies or supply-side policies have been weakened, which doesn't attract private investment into infrastructure as well.

Where you look at the countries that are emerging markets and doing really well with EV uptake, they've made that investment because they know they're going to get the return on investment.