BROADCASTS.com

Increasing concerns around an excess of electric vehicles supply.\xa0

EVs have fallen from one in four new vehicles bought in 2023, to one in 26 in January this year after the Government scrapped the clean car rebate.\xa0

Brands are now having to rethink \u2014and discount\u2014 EV stock they ordered when demand was at an all-time high.\xa0

Toyota NZ chief executive Neeraj Lala told Mike Hosking that they order their cars a year in advance.\xa0

He says even if they can foresee a government change, there's only about six to eight weeks\u2019 notice, and the market can't respond quickly enough.\xa0

LISTEN ABOVE\xa0

See omnystudio.com/listener for privacy information.