Government accelerates transport emissions reduction
The first two funding rounds of the Government’s new look Low Emission Transport Fund (LETF) are now open for applications, the Minister of Energy and Resources Dr Megan Woods.
The first round will provide co-funding for low emission vehicles and transport technology. The second round will focus on the installation of further public charging infrastructure.
Total funding will reach up to $25 million per year by 2023/24, with the Government increasing its contribution to up to $12.5 million per year by 2023/24, as announced in Budget 2021.
Both rounds open on October 7. Further rounds will open in 2022 with additional focus areas, including off-road and in the marine and aviation sectors.
About the LETF
The Low Emission Transport Fund, administered by EECA, supports the demonstration and adoption of low emission transport technology, innovation and infrastructure to accelerate the decarbonisation of the New Zealand transport sector.
The fund will focus on activities in the transport sector that move people and/or goods on roads, off-road, and in the marine and aviation sectors to:
- Demonstrate innovative solutions that will enable future adoption and deployment
- Reduce energy related emissions in the transport sector
- Address market and organisational barriers through co-investment and diffusion of new knowledge and lessons, and
- Share knowledge and lessons to stimulate wider replication of successful projects and solutions in the transport sector.
- Wider transport systems and activities (such as building roads, urban design, mode shift policy) are excluded.
Each round of the LETF, will provide co-funding to a particular area of interest (unlike the previous LEVCF, in which each round welcomed the full range of applications). An announcement will be made in advance of each funding round advising which areas of interest will be included.