Low Emissions Heavy Vehicle Fund

Published

The policy establishes a $27.75 million Low Emissions Heavy Vehicle Fund to accelerate the uptake of low-emissions heavy vehicles. The fund will support early adopters of these vehicles by addressing the purchase price barrier. The appropriation for this grant scheme is provided by the New Zealand government's Energy Efficiency and Conservation Authority (EECA) through the Clean Heavy Vehicles Grants 2023-2028. This policy is in line with EECA's target to reduce its carbon emissions by 55% by 2030, compared to a 2018 baseline.
Objectives of the Fund:
a. Continue to build the transport sector’s confidence to invest in the adoption of zero emission trucks, non-public transport buses and heavy vans beyond demonstration, by supporting integration of zero emissions vehicles into their fleets
b. Gather insights into other operational barriers to widespread uptake and commercialisation, such as charging and refuelling requirements and behaviour change amongst operators
c. Provide market signals to international original equipment manufacturers (OEMs), with the intent of encouraging supply of low-emissions heavy vehicles to New Zealand.

Low Emissions Heavy Vehicle Fund 

Climate Policy Radar

Find climate change laws, policies, targets and other climate policy data and indicators for {text}, alongside information about their legislative process.

{text} climate laws, policies and reports

Use Climate Policy Radar's data science and AI-powered platform to search and explore thousands of climate change laws, policies and legal cases worldwide.

Law and Policy Search

Quickly and easily search through the complete text of thousands of climate change law and policy documents from every country.

Search the Climate Policy Radar database

An aim to achieve a quantifiable outcome within a given time-frame, set by an institution such as a national government.

Policy instruments are techniques or tools used by governing authorities to promote certain policies in order to achieve predetermined goals. Put simply, instruments are how a government tries to achieve its goals, with this taxonomy being focused on national policy instruments.

Risk is the potential for adverse consequences resulting from the dynamic interplay between (climate-related) hazards, exposure, and vulnerability of affected human or ecological systems.

Groups  of people who are adversely affected by climate change or the response to it

A set of principles, processes, and practices that build economic and political power to shift from an extractive economy to a regenerative economy.

Renewable energy means all forms of energy produced from renewable sources in a sustainable manner.

Fossil fuel is a generic term for non-renewable energy sources such as coal, fossil gas, and oil (including crude oil, and petroleum products), that can be used for electricity and heat generation. Fossil fuels are hydrocarbons formed from pressurised and heated organic material buried over millions of years.

Molecules in the atmosphere that play a key role in the greenhouse effect by trapping heat radiating from Earth’s surface.

Area of the economy in which actors engage in identical or related activities.

In human systems, the process of adjustment to actual or expected climate change and its effects, in order to moderate harm, increase resilience or exploit beneficial opportunities. In natural systems, the process of adjustment to actual climate change and its effects; human intervention may facilitate adjustment to expected climate change and its effects.

The management and allocation of funds, assets and investments to meet various objectives

Oil is a combustible liquid fossil fuel composed mainly of hydrocarbons, occurring as crude oil and refined into petroleum products such as petrol, diesel and kerosene.

Either money or something of monetary value is transferred between two or more organisations, people or countries.

Activities of government agencies and institutions that provide public services, enforce laws and manage public resources.

This sector includes firms and individuals offering specialised expertise in fields such as law, accounting, consulting, science and engineering.

The processes through which enterprises can identify, prevent, mitigate and account for how they address their actual and potential adverse impacts. Due diligence is the idea that reasonable precautions should be taken to avoid causing harm to people, the environment, or society. It also involves identifying and mitigating risks before they occur.

This sector involves activities to move goods and people, alongside the storage of products.

Low Emissions Heavy Vehicle Fund

Policy instrument

Fossil fuel

Economic sector

Finance