Risk, returns & timeframes illustration
1 min read
July 6, 2022
by

Who's winning Aotearoa's EV battle? ⚡

The wheels are spinning in the Kiwi EV race so who’s on track to take the win in 2022? The results are unbe-leaf-able!🌿 And while Kiwi’s celebrated Matariki what dreaded ‘b’ word did Elon drop in chats with Tesla owners?
Risk, returns & timeframes illustration
1 min read
July 6, 2022
by

Who's winning Aotearoa's EV battle? ⚡

The wheels are spinning in the Kiwi EV race so who’s on track to take the win in 2022? The results are unbe-leaf-able!🌿 And while Kiwi’s celebrated Matariki what dreaded ‘b’ word did Elon drop in chats with Tesla owners?
Table of contents
Free Getting Started Course
Take your first, or next, step to becoming a confident investor with Hatch's free online course – just 10 minutes a day, for 10 days.
Weekly news from Wall St
Subscribe to The Fry Up - your weekly sizzle of headline-grabbing share market news. Read by 60,000 Kiwis to help them take charge of their investing journey.

It wasn’t just us Kiwis enjoying a well deserved break over Matariki. Elon Musk decided to take a break too… from Twitter. It didn’t stop him from making waves though. 🌊 He not only hit 100m followers on Twitter, but also managed to drop the dreaded ‘b’ word in a conversation with a Tesla owners: bankruptcy. Why would you do that? Because Tesla (TSLA) has been burning through billions of dollars investing in new factories in Germany, China and the US, and at the same time battling Covid lockdowns and supply chain issues. 😷 Still, Tesla wheeled out almost 255,000 cars in the second quarter of the year. This is up from around 201,000 cars in the same time last year, but down on the 310,000 delivered in the first quarter of 2022.

But is Tesla winning the electric vehicles (EV) battle where it really counts: Down Under? ⚡ There are more EVs rolling on Aotearoa roads than ever before. And due to record petrol prices and a sweet as sweetener from the government, first time registrations of EVs have more than doubled so far this year. Meaning there’s a good chance you’ll spot them daily, surging over the Harbour Bridge or charging through Transmission Gully. 

One big surprise though is the car maker that’s leading the way. A spin through the Waka Kotahi vehicle registrations database shows that with around 2,300 EV registrations, Kiwis have been piling into Nissan Leafs more than any other EV so far this year. Unbe-leaf-able! 🌿 That compares to 1,300 Teslas, which is up over 80% than the same period in 2021. Another surprising entry in the top five to cross the finish line is Swedish-based Polestar (PSNY), rolling in more than 400 of their Polestar 2s onto our shores this year. Who else is zooming ahead in EV supremacy? Chart up here. 🚗

We’re not financial advisors and Hatch news is for your information only. However dazzling our writing, none of it is a recommendation to invest in any of the companies or funds mentioned. If you want support before making any investment decisions, consider seeking financial advice from a licensed provider. We’ve done our best to ensure all information is current when we pushed ‘publish’ on this article. And of course, with investing, your money isn’t guaranteed to grow and there’s always a risk you might lose money.

Join the Kiwis who are hatching their tomorrow and have invested more than $1 billion with Hatch.

More recent news articles

More recent learn articles

6 min read
Nov 28, 2023

Black Friday’s record-breaking US$9.8 billion US online sales, US$70.9 billion globally

New Zealand imported Black Friday from the US, but that doesn’t mean we’re spending up large during tighter economic times. While Black Friday spending soared in the US, it seems Kiwis weren’t quite so keen to part with their hard-earned cash. So who was buying in bulk in record US Black Friday shopping?
Read more
6 min read
Nov 21, 2023

Underrated Thanksgiving stocks and hopes for a seasonal market rally

While 2023 may have felt like a bumpy ride for investors it seems that recession predictions were stymied by a buoyant American economy. Could the road ahead bring in fresh optimism echoing rallies of holidays past?
Read more
5 min read
Nov 14, 2023

Affirm shares surged 24% ahead of holidays splurge

In a world of instant gratification, is buy now pay later (BNPL) just what we do now? While BNPL providers aren't rapidly bringing on more customers and people aren’t using BNPL more, shoppers are missing more payments sinking into a debt cycle helping providers’ revenue to climb. Is this why Affirm’s stock has soared 153% this year?
Read more

More recent news articles

More recent learn articles

6 min read
Nov 28, 2023

Black Friday’s record-breaking US$9.8 billion US online sales, US$70.9 billion globally

New Zealand imported Black Friday from the US, but that doesn’t mean we’re spending up large during tighter economic times. While Black Friday spending soared in the US, it seems Kiwis weren’t quite so keen to part with their hard-earned cash. So who was buying in bulk in record US Black Friday shopping?
Read more
6 min read
Nov 21, 2023

Underrated Thanksgiving stocks and hopes for a seasonal market rally

While 2023 may have felt like a bumpy ride for investors it seems that recession predictions were stymied by a buoyant American economy. Could the road ahead bring in fresh optimism echoing rallies of holidays past?
Read more
5 min read
Nov 14, 2023

Affirm shares surged 24% ahead of holidays splurge

In a world of instant gratification, is buy now pay later (BNPL) just what we do now? While BNPL providers aren't rapidly bringing on more customers and people aren’t using BNPL more, shoppers are missing more payments sinking into a debt cycle helping providers’ revenue to climb. Is this why Affirm’s stock has soared 153% this year?
Read more