EV finance in NZ: Why rising petrol prices make the switch smarter

With petrol prices on the rise, we’re getting a lot more questions about EV finance.

And it’s not hard to see why.

EVs have come a long way in recent years. Battery technology has improved rapidly, ranges are better than ever, and New Zealand’s charging network is now genuinely solid, whether you’re commuting locally or heading away for the weekend.

One of the biggest perks?

Waking up each morning with a “full tank” of electrons, ready to go.

There’s also something pretty satisfying about powering your car with locally generated renewable energy. It’s not just good for the environment, it also helps support the NZ economy.

Banks are leaning in

What many people don’t realise is that most of the main banks now offer 0% or 1% interest rates on home loan top-ups for EV purchases. That can make the numbers stack up surprisingly well.

At Colab, we also partner with Simplify, who offer dedicated EV finance with rates starting from 7.25%, and a really straightforward pre-approval process. It’s a great way to understand your budget upfront and shop with confidence.

If you want to explore your options, hit the button below to find out more.

Or feel free to reach out to me directly, happy to talk it through.

Sam Ludbrook: 021 648 310 | sam@colab.kiwi