Benefits of an EV
Cheaper to run
Electric vehicles could save about $2,000 a year in running costs compared to petrol vehicles, and more if you have solar.*
Lower emissions
EVs are powered by electricity from our large renewable grid system, so they don't emit any tailpipe emissions.
Nationwide charging network
Get peace of mind knowing the public charging network continues to expand. According to Gen Less you can find public chargers at least every 75km along most of NZ's state highways.
Discover your savings
We've partnered with Cogo to bring you the Better Energy Calculator. Explore upgrades that could lower your energy bills and help make your home and car more sustainable.
- Estimate how much you can save on your energy bills
- Get suggestions for energy-efficient upgrades
- Find out the standard costs to upgrade
- Connect with local installers and access exclusive deals
*All estimates, calculations and information in the Better Energy Calculator are provided by Cogo, ASB does not represent or guarantee the accuracy of the information. Estimates are based on the average household and should not be used as financial advice. We recommend carrying out further due diligence and consulting with professionals before making any decisions or carrying out installation work.
Get better energy at your home
Use the Better Energy Calculator, powered by Cogo to see what you could save.
Connect with local suppliers and installers.
Apply for an ASB Better Homes Top Up.
Get on the road with a low interest loan
You could access up to $80,000 at 1.00% p.a. interest, fixed for 3 years (minimum 20% equity), to make electric upgrades to your home with our ASB Better Homes Top Up.
Put it towards the installation of solar panels, an electric car and charger, or a range of other appliance updates aimed at improving the efficiency of your home.
ASB Bank Limited's lending criteria, terms and exclusions apply. Rate, offer and fees may change. Refer to asb.co.nz for eligibility criteria and other fees and charges. At the end of the fixed rate period our Housing Variable Rate will apply. See asb.co.nz for details. An early repayment adjustment may apply if you break a fixed rate term.
Types of EVs and hybrid vehicles
Battery electric vehicles
Fully electric, powered by a battery. Charged using an external energy source, plugged in at home or at a public charging station. According to Gen Less, most are capable of 300km on a single charge.
Plug-in hybrid vehicles
Two motors; an electric motor and battery charged using an external source, and an internal combustion engine (ICE) fuelled by petrol or diesel. Lower range than fully electric vehicles, with newer models capable of 60km or more.
Hybrid vehicles
An ICE engine with a small electric motor. The electric motor is charged through regenerative braking (while you drive) rather than being plugged in. More fuel efficient than petrol, but not considered an EV.
Read more about EV types at Gen Less.