Government's electric vehicle rebate page suggests $178k Porsche, $768k Ferrari

Looking for an electric vehicle that qualifies for the Government's new rebate? Well, you might want to look a little more carefully.

Options listed on the New Zealand Transport Agency's website include Porsches, BMWs and even a Ferrari. But experts say if you think you're getting those cars for under the rebate cap - you're dreaming.

Buying an electric car has been made more attractive - or perhaps slightly more realistic - by the Government offering some money back for your environmentally-friendly purchase.

There's just one golden 'rebate' rule.

"Only cars costing under $80,000 will be eligible for the discount scheme," Minister of Transport Michael Wood says.

But when potential EV or hybrid buyers look at their options on the New Zealand Transport Agency's 'RightCar' website, not all of the 80 suggestions that were listed under 'find vehicles that could meet the criteria for a rebate' actually fit that criteria.

"Our electric vehicle range starts from $178,500 for a Porsche Taycan plus on-roads plus options, and hybrid range for Porsche Cayenne starts from $173,300," Porsche Continental Cars sales consultant Maxim Alekseev says. "Nothing under $80,000 I'm afraid."

In fact one of cars listed, a Ferrari, was quoted to Newshub at $768,000 - that's more than nine times over the rebate limit.

Waka Kotahi says its website lists vehicles that may be eligible for the rebate, and purchase prices can vary depending on the conditions of sale for individual cars. It says used 'high-end' luxury vehicles may be able to be purchased for under $80,000.

But motoring commentator Cameron Officer says in a lot of the examples that's unlikely.

"There are some that will, even on the second-hand market, will never be close to $80,000. But the selection of electric vehicles in New Zealand is definitely growing."

Since we asked Waka Kotahi has changed the wording on its website to a more general search.

Regardless, it pays to do your research because unfortunately some of these 'rebate options' are too good to be true.