Latest / The Kākā by Bernard Hickey
Why NZ should electrify everything ASAP
To emphasise both the risk and the opportunity for New Zealand’s political economy, the price of Brent crude hit US$100 a barrel again on Friday, which is likely to push petrol prices back towards $3.50/litre. But New Zealand’s uptake of EVs, home solar, home batteries and grid-scale solar and batteries is lagging far behind most other countries, who have incentives and national strategies to electrify fast.
Aotearoa Inc has an opportunity to import panels and batteries cheaply from China’s massive factories, just as India, Pakistan, much of Africa and the likes of Australia and Uruguay have…
The skinny
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