Green Party proposes business tax breaks for clean transport options

The Green Party has today launched a suite of new policies that will dramatically increase the number of electric vehicles on New Zealand roads, save Kiwis money, and cut pollution.

The Green Party’s new policies will remove fringe benefit tax from

  1.       electric vehicles provided by businesses for their staff, and
  2.       public transport passes provided by businesses to help staff get to and from work.

 

“Tax breaks for businesses who choose electric cars provide a major cash incentive to switch to a clean, efficient fleet, cutting the upfront cost of an electric car by up to 36 percent, with further savings over the life of the car,” Green Party transport spokesperson Julie Anne Genter said.

“We’ll also give tax breaks to companies who provide their staff with public transport passes instead of free carparks.

“By dramatically increasing the number of new electric cars in New Zealand, we’ll pave the way for a large second-hand market for electric cars, putting clean cars within almost everyone’s reach in just a few years.

“We’re targeting businesses because businesses buy most of the new cars in New Zealand and then sell them second-hand to families and individuals after 3-5 years.

“In Government, we’ll take the lead and transition the Government’s own vehicle fleet to electric cars.

“Cleaner and more efficient transport is a key part of cutting our climate pollution, because 20 percent of New Zealand’s greenhouse gas emissions are from transport and our road traffic intensity is fourth worst in the OECD.

“More than 75 percent of New Zealand’s electricity comes from local, clean sources which we could be using to get around, but currently we import over $6 billion worth of oil and petrol.

“By accelerating the transition to electric cars, we’ll save people money and help businesses be part of the solution to climate pollution,” said Ms Genter.

Fringe benefit tax is a tax on non-cash benefits that employees receive as a part of their salary package, such as cars or health insurance. Cars are taxed at either 20 percent of their cost price or 36 percent of their book (depreciated) value.

Latest Climate Change Announcements

Story

Green Party delivers on reducing transport emissions

The Green Party is already delivering on its commitment for cleaner, climate-friendly transport through our Cooperation Agreement with the Government.
Read More

Story

Green Party supports demands by School Strike 4 Climate NZ

The Green Party supports the demands by School Strike 4 Climate NZ that were announced today.
Read More

Story

Greens only party with plan to meet scale of climate challenge

A new report showing that the effects of climate change are already being felt in Aotearoa New Zealand shows the importance of the Green Party push...
Read More

Story

Greens welcome Labour’s climate commitments, will push for more action to match the scale of the crisis

The Green Party welcomes Labour’s commitment to reduce climate emissions in the next term of Government, but would go further and faster to address...
Read More

Story

Green Party announces plan for net zero energy buildings

If re-elected, the Green Party would work towards net zero energy new buildings by 2030 in order to accelerate the transition to a low carbon futur...
Read More

Story

New Zealand first in the world to require climate risk reporting

New Zealand will be the first country in the world to require the financial sector to report on climate risks, the Minister for Climate Change Jame...
Read More

Latest Transport Announcements

Story

Green Party delivers on reducing transport emissions

The Green Party is already delivering on its commitment for cleaner, climate-friendly transport through our Cooperation Agreement with the Government.
Read More

Story

Greens announce bold transport plan for Auckland to tackle climate change and congestion

The Green Party has today outlined a major transport plan for Auckland including new investments in light rail, busways, an expansion of regional r...
Read More

Story

Greens announce bold transport plan for Wellington to tackle climate change and congestion

The Green Party has today outlined a major transport plan for Wellington including investments in light rail, an expansion of regional passenger ra...
Read More

Story

Greens announce bold transport plan for Christchurch to tackle climate change and congestion

The Green Party has today outlined a major transport plan for Christchurch including new investments in commuter rail, a high frequency bus service...
Read More

Story

Greens announce bold plan to ensure NZ transport tackles climate change

The Green Party will transform how New Zealanders get around to address the climate crisis, with a comprehensive climate-focused transport package. 
Read More

Future of Transport

We know we are running out of time to address the climate crisis, and our Future of Transport Plan goes a long way to ensuring that we're doing our...
Read More