EVs now cheaper with no rebate than with the rebate

Radio NZ reports:

It’s the best time to buy an EV with the vehicles selling more cheaply than when the rebate scheme was in place, a motoring editor says.

Global sales have slowed, and recently prices for new EVs have been slashed after sales dropped dramatically at the start of the year.

So all those millions of dollars went into a rebate scheme that actually pushed electric vehicle prices up to take account of the subsidy. Remove the subsidy, and the price falls to meets demand.