Choose a zero-emissions* Hyundai truck with the support of a government grant
The New Zealand government has established the Low Emissions Heavy Vehicle Fund (LEHVF) to accelerate the uptake of zero and low-emissions heavy vehicles on New Zealand's roads.
Hyundai New Zealand is proud to have two heavy vehicles approved for a grant through the LEHVF.
The Mighty Electric light-duty truck and the XCIENT Hydrogen heavy-duty truck are both approved for grants through the fund, making it easier for you to choose a Hyundai truck for your business.
For more information about the LEHVF and approved Hyundai trucks, continue reading below.
*Any reference to zero emissions is in regards to zero tailpipe emissions when driving.
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More about the Low Emissions Heavy Vehicle Fund (LEHVF)
The LEHVF is a New Zealand government fund of $27.75 million that is administered by the Energy Efficiency and Conservation Authority (EECA). The purpose of the Fund is to provide grants to assist customers in purchasing approved zero and low-emission heavy vehicles from approved suppliers. LEHVF grants will cover:
- Up to 25% of the purchase price of new zero-emissions vehicles (battery electric and hydrogen fuel cell electric).
- Up to 25% of the conversion cost of ICE vehicles registered in New Zealand for the first time between 1 August 2022 and 1 August 2024, to be converted to a zero-emissions vehicle (battery electric and hydrogen fuel cell electric).
- Up to 25% of the purchase price of new low-emission vehicles (plug-in diesel-electric hybrid and hydrogen-diesel dual fuel).
- Up to 25% of the conversion cost of new ICE vehicles or used ICE vehicles first registered in New Zealand between 1 August 2022 and 1 August 2024, to run on low-emissions technologies (hydrogen-diesel dual fuel or plug-in diesel-electric hybrid).
- There are capped maximums on funding for each of these categories, depending on gross vehicle mass (GVM) and vehicle class.
- The LEHVF programme will be reviewed at six-monthly intervals, at which criteria and funding caps may change. Any changes will be communicated to the market in advance of them taking effect.
- Grants are capped at $4 million per vehicle importer/supplier and $1 million per vehicle operator for the first year of the LEHVF’s operation. Caps for the following year will be set by 31 March 2025 and announced by the end of April 2025.
- The LEHVF programme will be reviewed six months after the Fund’s launch, at which criteria and funding caps may change. Any changes will be communicated to the market in advance of them taking effect.
Details to the above information may vary, please refer to www.eeca.govt.nz for the current programme detail
Hyundai trucks eligible for LEHVF grants
Mighty Electric
XCIENT Hydrogen Fuel Cell Electric
Grant available - 25% of purchase price capped at $35,000
Mighty Electric has a proven range of over 200km, while loaded to 5,995kg on a single charge.
This electric version of the Mighty light-duty truck is fitted with the latest in-cab design, technology, and safety features. It gives you the grunt needed to do the job while helping you decarbonise your business' fleet.
Grant available - 25% of purchase price capped at $200,000
XCIENT Fuel Cell is the world's first mass-produced hydrogen-powered heavy-duty truck.
XCIENT Fuel Cell can be charged within 8-20 minutes* per single charge, with a driving range of around 400 km per charge, thereby providing the ideal solution for long-distance operation.
Why you should choose Hyundai for your heavy fleet
Hyundai Motor Company is a global automotive powerhouse, leading the world in hydrogen technology and setting benchmarks in Battery Electric Vehicles across the globe.
Locally, Hyundai New Zealand is a kiwi-owned company with a kiwi attitude. We’re not waiting for others to lead. Our Electric and Hydrogen truck options are just one example of our commitment to a positive future.
The XCIENT Hydrogen heavy-duty truck showcases the potential of hydrogen as an alternative energy source. Our Mighty Electric light-duty truck can stand behind its proven range of over 200km, while loaded to 5,995kg, on a single charge. Mighty is fitted with the latest in-cab design, technology, and safety features. Both Mighty and XCIENT give you the grunt needed to do the job while helping you decarbonise your business' fleet.
With a world-class hydrogen system emerging in New Zealand and mega-watt charging technology now available, the future landscape for zero-tailpipe-emissions heavy-duty trucks is much more tangible.
*Any reference to zero emissions is in regards to zero tailpipe emissions when driving.