New Zealand's Electric Vehicle Sales Surge, Leading to Empty Car Yards
New Zealand is witnessing a significant increase in electric vehicle (EV) sales, resulting in car yards running out of stock. The sales of EVs have surged by 278% compared to March 2025, with plugin penetration reaching 26% in March 2026. This surge is attributed to the high demand for second-hand and demo EVs, with models like the Tesla Model Y L selling out in just ten days. BYD models are also experiencing high sales, with one dealership reporting sales of 87 EVs in a month, a significant increase from the usual 20. The resale value of used EVs has also risen, with the value of a used Atto 3 increasing by $3,000 to $5,000 NZD in recent weeks. 
