The Clean Car Discount ended on 31 December 2023 – what you need to know

These financial reports provide an overview of Waka Kotahi NZ Transport Agency spending on the Clean Car Discount scheme.

The reports were updated monthly, and the figures provided were calculated on an accrual basis (total amounts from when the scheme started on 1 July 2021 until the date of the report).

The reports also include information on repayable Crown grants. These grants, and revenue from fees on high emission vehicles, helped fund the Clean Car Discount scheme.

The Clean Car Discount scheme received a Crown grant when the scheme began, and after review of the financial sustainability it received an additional grant of $100 million in Budget 2023.

Financial report – monthly update

The table below details Waka Kotahi NZ Transport Agency expenditure, and crown grant allocations, on the Clean Car Discount scheme over the reported timeframe. All figures are reported on an accrual basis.

Table: Rebates expenditure and fees revenue from 1 Jul 2021 to 31 January 2024

Clean Car Discount life to date January 2024
(NZD, million)

Life to date rebates paid  

617.8

Life to date administration costs

15.0

Life to date project costs

5.4

Total expenditure life to date 

638.2

 

 

Less: total fee revenue used to pay rebates

-297.4

Crown Grant allocated life to date  

340.7

 

 

Original Crown grant  

301.4

Additional Crown grant

100.0

Less: grant allocated life to date

-340.7

Crown grant balance

60.7

Notes:

  • The total amount of rebates paid is $617.8 million.
  • The total fees revenue used to pay rebates and admin is $297.4 million.
  • The total Crown Grant used to pay rebates is $340.7 million.
  • The amount of the original Crown Repayable grant was $301.4 million.
  • The additional amount for the Crown Repayable grant was $100.0 million.
  • The balance of the repayable grant outstanding is $60.7 million.

 

Volumes over the life of the scheme  
Number of rebates paid 192.1k
Number of vehicles charged a fee 128.3k