Yeah "No suprises". Imagine the real wait time for a new Tesla now.
absolute_detail,
Jun 18, 8:09pm
Lol
Johnston also imports EVs from Japan, and he said he believes sellers in Japan are increasing the prices of their EVs in response to the subsidy.
“The dealers monitor the market very closely.
“Now with this incentive in place they’ve seen that, and they have simply increased their reserve price on vehicles, knowing that New Zealanders receive a subsidy,” he said.
eagleeyed,
Jun 18, 8:21pm
Basic rule of economics, the buyer only ends up with half the subsidy, the producers end up with the other half
kazbanz,
Jun 18, 9:11pm
Its actually nowhere near that complicated or nasty. If you raise the demand for an item with limited supply at auction then buyers are going to bid higher. This is EXACTLY what has happened in a different market sector. I'm Paying in Japan thousands MORE for a specific make/model than I was selling that vehicle for in march 2020.
cameron-albany,
Jun 19, 5:43am
Interesting - I was looking at EVs last week, before the Govt made their announcement. I had a bunch in my watchlist and some screenshots of about 6 or 7 that I intended to investigate further (sent to my son for his opinion). Lo and behold - at least half of my watchlist ones suddenly disappeared by Tuesday - "withdrawn by seller". They're back today = with a $2K price hike. Profiteering, anyone ? I suggest that if you're in the market for an EV - take screenshots of the ones you're interested in. Seems as though dealers (unsurprisingly) are trying to cash in on the clean car discount.
franc123,
Jun 19, 6:01am
Yawn, theres always loon behaviour when Govt starts throwing cheap or free money around. No different from the days of CNG and LPG conversions.
mazalinas,
Jun 19, 6:09am
Ooooh that reminds me of when the Student Living Allowance went up $50pw and some landlords took the opportunity to increase rents because of that $50 increase. Too many people motivated by greed without a care for anyone else.
toenail,
Jun 19, 11:28pm
the subsidy should be on their power bill, not on the purchase price.
dealers nz and aboard just hike up their prices as they want a slice of that pie.
kiwilandchch,
Jun 22, 1:38am
why bump prices up sell what yous have at prices you would of . dont be greedy PIGS will the dealers listen to me lol
nice_lady,
Jun 22, 1:54am
Same as the home insulation subsidy - it don't make it cheaper at all.
gph1961,
Jun 22, 3:46am
thats a good idea
cameron-albany,
Jun 22, 4:17am
Yes it is a good idea. Although TBF I'll probably use charging stations mostly. I was a bit naive thinking the dealers wouldn't be profiteering. How wrong I was. The Govt should have somehow made sure this didn't happen. Having greedy dealers as the middlemen is hopeless - they're the ones who actually benefit, not the end user!
3tomany,
Jul 21, 4:42am
When governments throw money around it is the smart people that get the majority of it.
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