If under the current system the govt recieves dividends of say $500m a year for the Energy SOE's and they sucessfully sell off 49% of those, the dividend to govt will drop to around $250m a year - our taxes must increase by $250m a year for the books to balance (ignoring the fact that assets sales will be used to pay down debt, thus reducing what our govt actually needs to stay in the black).
Now under this proposed intervention, the dividend to the government will be next to nil (based on fair price), which means our tax take will need to increase by $500m to cover the short fall.
Either way, you & I can expect to pay more for these changes. The amount that we may have to pay, varies.
And today's Labour Green announcement... NZ Rentals.
Labour and the Greens are promising a major intervention in the NZ property market in a bid to lower residential rents if they win next year's election.
The parties would create a new Pharmac-style agency called NZ Rentals to act as a single buyer of wholesale domestic rentals, Labour leader David Shear and Greens co-leader Russel Norman have just announced at Parliament.
Rather than paying fatcat capatilist sumlords a high price for rental accommodation no matter how many rooms the property has, the new agency would set a what he called a "fairer pricing system".
Mr Shearer estimated it would cut the nation's rent bill by up to $3.7 billion a year.
Range is not really in issue in NZ. That battery has 600km range. Stop for 30min lunch, supercharge, you get a couple of extra hundred kms. On the ferry, supercharge and get extra kms. Full charge in garage overnight with a timer set to charge on off peak power at 11pm.
Power generation won't be an issue. This will be an exceptionally slow transition. As electric cars slowly filter to the second hand market and become more popular, combustion cars will get cheaper and cheaper thus slowing their demise.
Was reading an article the other day about ranges of EV's and how cold weather can effect them (badly), let's see if I can dig it out.
