Electric Cars to Play Role in Green Targets Specialised
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THE TRUSTED VOICE OF THE AUTO INDUSTRY FOR MORE THAN 30 YEARS www.autofile.co.nz Deecember 2017 Electric cars to play Specialised training that’s role in green targets proven to increase profits Commission suggests basing registration fees on vehicles’ emissions and fuel-price pressure to tackle climate change government think-tank Zealand’s emissions stem from in transport emissions will likely believes electric vehicles transport with road vehicles being come from two main areas. (EVs) offer the best way of responsible for more than 90 per One is switching from liquid Industry backing Aslashing harmful emissions created cent of them. fossil fuels to renewable energy for initiative p 14 by New Zealand’s transport sector The country’s level of vehicle sources, particularly by using and is coming up with ideas about ownership is among the highest EVs, and reducing vehicle use. how to achieve this. in the world and its light fleet is The other is improving transport World record for The Productivity systems through, for economy Commission has been The government wants example, intelligent to develop charging charged with finding out infrastructure for transportation systems how the country can move electric cars (ITS) and greater use of towards a low-emissions public transport. p 21 economy and has The issues report produced an issues paper states EVs “offer by far the on the way forward. greatest opportunity to p 22 The document has reduce transport emissions four key parts – how in New Zealand”. greenhouse gas (GHG) EVs do not directly emissions can be cut, produce any GHG Spotlight on opportunities and barriers emissions while on the John Moyes to reduce emissions, policy road, while indirect and institutional arrangements, one of the oldest in developed emissions depend on the p 29 and ensuring such a transition countries – and the commission electricity used to charge their continues to grow incomes and says older vehicles tend to emit batteries. New Zealand is well- well-being. more emissions than newer ones. placed in this area because of its The automotive industry is Murray Sherwin, chairman abundant sources of renewable coming under scrutiny because of the Productivity Commission, energy. about 19 per cent of New believes the largest reductions Possible opportunities to Forty-year rally career [continued on page 4] GLOBAL VEHICLE LOGISTICS NZ - JAPAN - AUSTRALIA - UK - EUROPE Delivering the perfect Christmas gift... Vehicle Shipping General Freight Vehicle Tracking Shipping Schedule Load it » Ship it » Track it » Clear it » Deliver it www.jacanna.co.nz Tel. +64 9 838 4944 Call Steve Owens now on 021 947 752 GUesT EDITORIAL Future-proofing DIRECTORS EdITOR Brian McCutcheon Darren Risby finance industry [email protected] [email protected] ph. 021 455 775 JOURNALISTS Lyn McMorran looks back at the Financial Darren Wiltshire Sue Brebner-Fox [email protected] [email protected] Services Federation’s debut conference ph. 021 0284 7428 Lucy Pink tackling regulatory impact [email protected] DESIGNER t was a pleasure for and dealers have limited Adrian Payne MOTORSPORT the Financial Services capacity to discount rates. [email protected] Mark Baker [email protected] Federation (FSF) to put She also touched Ion its first-ever conference. on plans to introduce a Autofile magazine is also available online as a readable file or downloadable as a PDF. After more than 50 years’ deferred sales model for Subscriptions are available at Autofile Online – www.autofile.co.nz. Back copies are also available on the website. existence, it feels we have add-on insurances – to Copyright: Published monthly by 4Media Ltd, PO Box 6222, Dunedin 9059. matured as an organisation which banks in Australia to have grown in member have already committed All statements made, although based on information believed to be accurate and LYN McMORRAN reliable, cannot be guaranteed, and no liability can be accepted for any errors or numbers and resources to to as a reaction to some omissions. Reproduction of Autofile in print or digital format in whole or part without Executive director written permission, whether by copying or any other means, is strictly forbidden. be able to present such a of the FSF mis-selling and practices All rights reserved. fully-fledged event. of concern. ISSN 0112-3475 (print) ISSN 2350-3181 (online) It’s a measure of how far we’ve The FSF believes there’s more come – from an organisation of sense in ensuring these products are about six members to one where we sold responsibly, which we outlined now have nearly 60, many of whom in our consumer resource this are in vehicle financing or leasing. year, the responsible credit-related It was particularly pleasing insurance code. to have such a great response to The Department of Internal the programme with nearly 100 Affairs’ Kate Reid gave an update on delegates in attendance. phase two of anti-money laundering an independent choice Delivering the perfect The conference’s theme – and countering the financing of financial services future-proofing terrorism legislation. – was timely with the massive She said that under the second- Quest Insurance offers: regulatory overhaul and compliance stage changes there will be a need burden following the global financial to report suspicious activity – not Mechanical Breakdown Insurance – backed by AA Roadside Assist Christmas gift... crisis now well-behind our members. just suspicious transactions – and The event was a look into the explained how this needs to be Comprehensive Motor Vehicle Insurance future of finance – how credit is reflected in financial reporting – including learner and restricted license cover. provided and how consumers entities’ risk assessments and Weekly, fortnightly & monthly instalment options now might use it. processes. She also covered what will available to match your customers pay cycle Mitchell Pham, of FinTechNZ, be required of dealers in high-value revealed how innovations such as goods, including motor vehicles. Guaranteed Asset Protection car-sharing and driverless vehicles Feedback from our conference- Lifestyle Protection Insurance may impact on the sector, as well as goers on November 9 has been ever-increasing demand for access to universally positive with all finance simply, quickly and via online presenters receiving glowing or mobile platforms. endorsements. Vehicle Shipping General Freight Vehicle Tracking Shipping Schedule Helen Gordon, of the Australian We’re almost ready to do it again, Finance Industry Association – their only bigger and better. Next year will equivalent of the FSF – gave us a raw see us host a two-day event with a If you are a forward thinking motor vehicle trader, or financier, looking for a trusted vehicle insurance partner, call Quest. look into changes across the Tasman. gala dinner and awards evening in This included recent and proposed October. We hope making it a staple Contact: Simon Moore Load it » Ship it » Track it » Clear it » Deliver it legislative changes, such as a ban on in the finance sector’s calendar will ph. 021 149 2266 flex commissions so lenders, rather add towards its future-proofing. e: [email protected] www.jacanna.co.nz Tel. +64 9 838 4944 than car dealers, now set interest rates See story on page 10 www.autofile.co.nz 3 news [continued from page 1] expand the popularity of electric David Crawford, chief executive cars include encouraging the officer, says EVs will be important growth of publicly available as a key way to reduce transport charging infrastructure and greater emissions going forward because price pressure on fuels via the they can leverage off New emissions trading scheme (ETS). Zealand’s renewable energy. Other suggestions include “More generally, it’s important basing registration fees on a the commission doesn’t pick vehicle’s emissions potential, technology or product winners, minimum emissions standards, and focusses on the development improving awareness and of a framework that will allow education around EVs, government the market to establish what the subsidies and electrification of the best low-emission options are,” government’s fleet. he adds. On the flipside, at the moment Murray Sherwin, chairman of the “Policy interventions that EVs are more expensive to buy Productivity Commission demonstrably favour one than their equivalent internal competitor over another, or fuel- combustion vehicles (ICVs), public to improve public awareness information and promotion type over another, either directly or perceptions include range anxiety and perception around EVs, and campaign, and exempting light indirectly, are unlikely to be durable and there’s a limited range of facilitate the development of the and heavy electric vehicles from and risk damaging competition and models available in New Zealand, charging infrastructure. road-user charges (RUC) until they worsening outcomes. says the commission. Its 2017 EV Programme set a make up two per cent of their “While EVs are going to be It adds there’s a lack of target of 64,000 on-road vehicles respective fleets. important, we note Toyota, BMW, charging infrastructure and by 2021. Policies to support this The Motor Industry Association Daimler, Honda and Hyundai are varying recharging standards, include a contestable fund of up (MIA) is one of the organisations part of a consortium committed while no policy measures to to $6 million per year to support to have lodged a submission on to spending 10 billion euros [or properly price or regulate the low-emission projects. the Productivity Commission’s about NZ$17.4b] on hydrogen- adverse effects of ICVs are in place. Others are investing $1m issues paper on transitioning to a related projects.” The government is also aiming annually in a nationwide EV low-emissions economy. Methanex is looking to Put yourself in the driver’s seat. Take control of your dealership with MotorWeb. Driving your dealership shouldn’t be full of unpredictable twists, turns and bumps in the road.