Businesses operating in New Zealand have committed around $265 million of investment in low-and zero-emissions transport projects – on road, off-road and on water – through the Low Emission Transport Fund (LETF) over the past decade.

The programme, administered by EECA (Energy Efficiency and Conservation Authority), was revised in 2021, expanding the remit of its predecessor the Low Emissions Vehicle Contestable Fund (LEVCF), which launched in 2016. Projects approved for funding in the LETF’s final rounds – 14, 15 and 16 – have been announced today.

Richard Briggs, EECA’s Group Manager – Delivery and Partnerships, said the LETF had unlocked an extraordinary amount of private capital for projects that would not have happened as quickly or at all, as well as lowered organisations’ operating costs by improving energy efficiency and productivity. 

“The programmes demonstrated the benefits for business in making the switch to low or zero-emissions vehicles, machines, and vessels, showing others in their sectors what’s possible and viable.” 

Briggs said the rapid acceleration of energy-efficient transport technologies had reduced the risk for early adopters and the need for this type of support. As such, the LETF had wound down to a natural end.

Milestone projects include the world’s first electric milk tanker (Fonterra) and electric hydrofoil ferry in commercial operation (Vessev and Fullers 360).

The fund supported New Zealand’s first hydrogen-powered truck (NZ Post) and truck (Auckland Transport), first electric double-decker buses (Tranzit, Metlink, Greater Wellington Regional Council) and first electric supermarket delivery vans (Foodstuffs). 

The LETF also co-funded around half of New Zealand's 1300+ public EV chargers, with almost 700 more in the pipeline. These include the country’s first high-speed DC chargers (ChargeNet).

Briggs said EECA continued to support the heavy vehicle sector to improve its energy efficiency and lower operating costs through the Low Emissions Heavy Vehicle Fund, which offers grants of up to 25% of the purchase price of a new zero-emissions heavy vehicle, or 25% of the cost to convert an existing ICE vehicle to be power by zero or low-emissions technologies. 

EECA would ensure successful delivery of previously co-funded projects, as well as provide data on EV charging infrastructure and fuel use across the transport sector, Briggs said.

“EECA is New Zealand’s lead agency and expert voice on energy use and we’re continuing to evolve to ensure we’re best placed to support the market.”