New Zealand is one of the first countries in the world to reach an electrification tipping point
combination of EVs and electric appliances are cheaper over the lifetime of the machines, even with higher upfront costs or a 5.5 per cent interest rate for finance
homes currently using gas or LPG appliances and petrol vehicles could save more than $1,000 per year if they electrify and get their power from a combination of rooftop solar, home battery, and the existing electricity grid no
fully electrifying a home and vehicles could save $1500 to $5000 a year with annual GHG emissions being significantly lower, and that electricity prices from solar can be around one third the cost /kWh when purchased from the grid
overall energy use would fall with electrification to less than half of what an average household uses today as petrol, diesel, gas and wood are avoided. But electricity use would be two to three times as high.
Cromwell, South Island, cherry farm is saving about $60,000 in diesel costs a year by using 20 new electric vehicles, including a tractor
electricity use is nine-times higher than the previous farmer of his land, but use at peak times has not increased so network upgrades weren’t needed, and rooftop solar provides “significant” amounts of energy