INDUSTRY

Kiwi Maker of Smart EV Chargers Looks to Aussie for Inspiration

With plunging EV sales locally, a New Zealand manufacturer of EV chargers says it is crossing the ditch for greener pastures, according to an RNZ report. Evnex is a Christchurch-based firm that makes EV chargers for homes and businesses. Its principal Ed Harvey says with Australian EV sales on the rise, the company has a better opportunity across the Tasman. Government subsidies have helped Australian EV sales overtake those in New Zealand. Here they have fallen from 27 percent of new cars sold last year to...

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Cheaper electric cars are on the way

In China, the electric car scene is changing quickly; EVs now undercut ICE models. As a result, in Europe price parity between electric and ICE cars is likely to occur much faster than expected. The price of battery cells is dropping quickly as companies producing them battle for supremacy. That has resulted in overcapacity and price cuts to maintain market share. The factors behind a 51 per cent drop in...

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