New Zealand Clean Car Programme

Recently the Government has announced a range of measures that will help New Zealand meet our carbon neutral targets by 2050, including the proposed Clean Car Programme.

While it is yet to be legislated, the Clean Car Programme includes two central pillars focused on reducing CO2 emissions generated by transport – the Clean Car Standard and the Clean Car Discount.

Clean Car Standard   |   targeted for 2022

In January 2021, the Government agreed to introduce the Clean Car Standard, that will focus on encouraging importers to bring cleaner New and Used light vehicles into New Zealand.

It is proposed that vehicles that have CO2 emission ratings above the Standard will incur a fee, and the higher the CO2 rating, the greater the fee. 

Alternatively, it is proposed that vehicles that have CO2 emission ratings below the Standard will receive a credit (that could be used to offset fees).

We expect legislation will be introduced in late 2021, with the policy taking effect in 2022.

Clean Car Discount   |   1 July 2021

The Clean Car Discount came into effect on 1 July 2021 and provides rebates for eligible new and used light electric vehicles (EVs) and plug-in hybrid vehicles (PHEVs) that:

  • are registered in New Zealand for the first time between 1 July and 31 December 2021 AND
  • have an ANCAP safety rating of 3 or more AND
  • have a net purchase price including on road costs and GST that is less than $80,000 AND
  • subject to funding limitations
How it will work

Rebates for leases will be claimed by ORIX and applied to your lease.  This means you achieve the added benefit of:

  • a reduced net purchase price (FBT Value)
  • a reduced lease rate
Rebate Levels

It is proposed that this preliminary scheme will be replaced from 1 January 2022 with a scheme that will be based on CO2 emissions of vehicles.  Those with low or zero CO2 emissions will qualify for a rebate and those with moderate to high CO2 emissions will incur a fee.  Details are to follow later this year.

If you have any questions, please contact your ORIX representative or you can find more information here

Frequently Asked Questions

Will ORIX lease quotes include the rebate?

Yes, any eligible vehicles will be quoted to include application of the rebate.  This will allow you to compare vehicles easily without any requirement for an off-system calculation.

 

Will ORIX pass on 100% of the rebate to my lease vehicle?

Yes.  While ORIX is the registered owner, we want you to receive the full benefit of making positive steps to help New Zealand achieve our carbon neutral goals.

 

Will I need to claim the rebate for my lease vehicle?

No, you don’t have to do anything!

As the registered owner, ORIX will claim the rebate and apply it directly to your lease.  It will be reflected in a lower lease rate and reduced net purchase price (FBT value).

 

What if I ordered my car prior to announcements?  Will I still get the rebate?

Yes, if it meets the eligibility criteria, we will claim the rebate.  Your ORIX representative will requote all vehicles that are eligible for rebates and send you a replacement order with a lower lease rate and reduced net purchase price (FBT value).