New Zealand to add 2,574 EV charging points in massive network expansion
New Zealand to add 2,574 EV charging points in massive network expansion
New Zealand to add 2,574 EV charging points in massive network expansion
New Zealand is set to expand its electric vehicle (EV) charging network with 2,574 new charge points. The project, led by ChargeNet and Meridian Energy, will receive over $110 million in funding, including $60 million from both companies and government-backed loans. The move aims to boost EV adoption by improving access to charging infrastructure nationwide.
The new charge points will include 1,374 DC fast chargers and 1,200 AC chargers. DC fast chargers can recharge an EV in 20 to 60 minutes, making them ideal for highways and quick stops. AC chargers, while slower, are better suited for locations where cars park for longer, such as shopping centres, workplaces, and homes.
Half of the new chargers will be installed in major cities, with the remaining half spread across regional areas. This distribution aims to ensure broader coverage and accessibility. Currently, New Zealand has over 1,800 public charge points, with another 161 under construction. Once completed, the total will rise to 4,550, moving closer to the government's target of 10,000 by 2030.
The project was awarded to ChargeNet and Meridian Energy through a competitive bidding process. The government loans, averaging $20,000 per charger, reduce the net cost to around $10,000 per unit after repayments. These concessionary loans lower financing costs, making private investment in public charging infrastructure more viable.
The expansion could also benefit plug-in hybrid vehicles (PHEVs), many of which lack compatibility with DC fast-charging. By increasing the number of AC chargers, the network will support a wider range of electric and hybrid vehicles.
The investment will significantly expand New Zealand's EV charging network, bringing the total to 4,550 public charge points. With a mix of fast and slow chargers, the project aims to improve convenience for EV drivers across urban and regional areas. The government's long-term goal remains 10,000 charge points by 2030.