Feb 7, 2025
Rewiring Aotearoa
Electric Avenue: February 7

We're definitely not running on fumes this week ... Why our electric future - from e-bikes to e-boats - looks both fun and functional, why swapping fuel for finance is crucial for homeowners (and access to capital is crucial for businesses like Chargenet that are helping to speed up the transition), how renewable energy projects are helping developing countries and low-income communities, and an ad from 1929 that reminds us of something.

Fun and functionality

Rewiring Aotearoa likes to focus on substitution, rather than sacrifice and we often talk about how our electric future will be just as much fun as our fossil fuelled past - without all the pollution. And if it’s fun you want, then take a look at the world’s fastest motocross bike, the all-electric Stark Varg

We’ve talked a lot about Vessev’s new hydrofoiling boat, which is now in operation on the Hauraki Gulf with Fullers, but the Iguana Foiler has raised the stakes and claims to be a boat that sails, lands and flies (New Zealand has a rich history of amphibious boats, with the likes of the now defunct Gibbs Aquada and Sealegs, which released an off-road version of its boat last year).

At a slightly more practical and accessible level, it’s great to see the Pukekohe to Papakura train line open for electric business. We need more electric public transport, but we don’t have enough time to wait for the whole system to change while we continue to drive fossil fuel burning cars, and, as our latest Watt Now detailed, that’s why upgrading to EVs is something we're so strongly in favour of.

As Mike Casey pointed out in an opinion piece in Newsroom, EV sales continue to grow around the world, with understandable ups and downs along the way as policies change. We’ve seen this happen in New Zealand, but the overall trend is obvious and EVs and plug-in hybrids had another record year in 2024, with sales up 25%. 

If you’re not into trains and can’t be bothered with traffic, e-bikes are a great option for commuters (and they also help optimise fun for the downhill fans). They’re also in hot demand among bicycle thieves. You can try locks. You can rely on serial numbers. You can try vigilante justice. Or you can try camouflage, like this unique e-bike.

It may be taking electrification a bit far, but Joey Ruiter’s Nomoto e-bike concept can hide in plain sight by masquerading as electricity infrastructure. 

Swapping fuel for finance

When paying for fuel is more expensive than paying interest on a loan for an electric machine, going electric is a no-brainer because you'll save money straight away. That is now generally the case in New Zealand because we have reached the electrification tipping point, but for everyone to access those savings, we need access to loans, preferably low-interest and long-term.

While public finance is the best case scenario, banks will also play a role and ASB - with the help of Rewiring Aotearoa's data - has launched a new site focused on saving money through electrification. The 'Better Homes Top up' gives loan holders access to "up to $80,000 at 1.00% p.a. interest, fixed for 3 years (minimum 20% equity), to make electric upgrades to your home", so if you're an ASB customer looking to save money on your bills and reduce your emissions, check it out. We’re looking forward to seeing more long-term finance options in the near future.

Finance (and, in many cases, government grants for early adopters to get demonstration projects up and running) is also crucial for businesses that are helping to accelerate the energy transition, like ChargeNet. So the more money flowing towards electrification, the better in our view.

Power play

The Planet Money podcast The History of Light is a fascinating journey through energy innovation and the economic opportunities it opens up. We started with animal fat candles that used up a good chunk of our income, moved to cheaper kerosene and now rely on much cheaper electricity. 

The developed world now basically has almost unlimited light, but in some places without access to electricity, or the funds to pay for it, there are still many limitations. Now, the economics of renewable energy - and particularly solar - mean it is becoming increasingly popular in developing nations and with low-income communities, as these stories from Reboot the World show.

As the site says: “Countries, economies and communities that are already transitioning to renewables, are reaping considerable benefits in health, jobs and stable and affordable access to energy. They are demonstrating significant resilience in the face of global geopolitical and energy shocks and crises.”

While some believe technologies like solar, EVs and heat pumps are the preserve of the wealthy, they actually benefit lower social economic households more because they tend to spend a bigger proportion of their income on energy. Research from Australia has shown that solar is more popular in low-income neighbourhoods because it was the cheapest source of electricity and offered more certaint, while Pakistan was also bringing in huge numbers of solar panels and relying on DIY rather than the unreliable and increasingly expensive grid electricity. 

The greatest servant

At Rewiring, one of our lines is 'electrifying everything for everyone', but this isn’t a new concept. The Auckland Electric Power Board had a similar focus back in 1929 and, in an ad shared by Flex Forum, it said electricity was ‘everywhere for everything’. 

“Whatever the need in home or business, electricity will do it cheaper, quicker, cleaner, better.” The more things change, the more they stay the same.

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