Low emissions transport investment the largest so far
Low emission transport will receive another boost totalling more than $11 million, Energy and Resources Minister Megan Woods announced today.
Projects approved under round five of the Low Emission Vehicles Contestable Fund will share more than $4.3 million of government co-funding – the largest amount made available so far.
Successful applicants will contribute more than $7.3 million of their own money, bringing the total investment to $11.65 million.
Thirty-one projects have been approved – also a new high. Each previous round has given the green light to between 14 and 18 projects.
“This round of funding focuses on innovative projects that expand the use and possibilities of electric vehicles and other low emissions technology in the transport space. It’s about making new technology available to help Kiwis get around, lower our carbon emissions and contribute to our economy.” said Minister Woods.