Fuel Prices Soar: Is Now the Time to Buy a Used EV in NZ?

Fuel Prices Soar: Is Now the Time to Buy a Used EV in NZ?

March 22, 2026 James Parker - Business Editor Business

The fuel-price situation is escalating quickly. As of today, March 22, 2026, the ripple effects of the ongoing Iran War have pushed the average price of 91 octane gasoline to $3.30 per litre in New Zealand, a 37% increase in the last month, according to Gaspy. And the New Zealand government is warning that further increases are likely, with officials preparing for a “worst-case scenario” as the conflict continues. The New Zealand Herald reports.

A switch to EV is tempting, but it might not be cheap to start with.

The temptation to trade in a gasoline-powered vehicle for an electric vehicle (EV) is understandable and demand for used EVs is surging. A typical EV can be “filled” at home overnight for as little as $10-$15. And, of course, an EV offers a potential lifeline if fuel supplies are disrupted.

However, a hasty decision could be costly. Whereas a switch to electric makes sense for many, a knee-jerk reaction driven by current fuel prices requires careful consideration. If you were already planning an EV purchase, now might be a decent time to accelerate those plans, as increased demand will inevitably drive up prices. But if this is a panic move, a thorough cost-benefit analysis is essential.

Let’s consider a scenario: a 2016 Mazda CX-5 averaging 8 litres per 100km, driven 15,000km annually. At February’s fuel prices, annual fuel costs would have been around $3,000. Now, with the 37% increase, that figure rises to approximately $3,900. While significant, this equates to less than $20 per week. If fuel prices climb another 30% or more – a distinct possibility – the annual cost could jump to around $5,700, or roughly $40 per week. That’s a substantial increase, but it’s still less than the upfront capital outlay required to switch to an EV.

The initial cost of switching isn’t just the price of the EV itself. You’ll likely take a hit on the trade-in value of your current vehicle, especially if it’s a fuel-intensive model. And to make an EV a practical daily driver, a home charging station – a “wallbox” – is highly recommended, particularly for older used models with limited range. These stations can cost between $2,000 and $4,000, offering significantly faster charging times than a standard household outlet.

EV charging.
A home charge station is a high priority is you don’t wish your everyday EV to become a hassle.

Kiwi smart-charger manufacturer Evnex has published data suggesting EV owners save nearly $35,000 in fuel costs over the average vehicle ownership period of 14.8 years. However, that savings needs to be offset against the initial investment.

Five Used EVs Worth Considering (Under $30,000)

Assuming you’ve decided to proceed, here are five used EVs that offer a good balance of price and practicality, all available for under $30,000.

Nissan Leaf

Nissan Leaf.
We’d go for the second-gen Leaf. It looks more… Normal.

The Nissan Leaf was a pioneer in bringing electric motoring to New Zealand, primarily through used imports. Avoid the first-generation models (2010-2017) and focus on the more modern, longer-range second-generation version (2018-2025). As of today, a 2022 Leaf e+ with the larger 62kWh battery, boasting 38,300km, is listed for $29,950.

MG ZS

MG ZS EV.
Last iteration of ZS EV had this closed front. Fancy.

The MG ZS EV gained popularity in New Zealand thanks to the now-expired Clean Car Discount and its affordability. The facelifted model from 2022, featuring a more streamlined front complete and larger battery options, is the preferred choice. A 2023 Essence model with 38,300km is currently available for $25,000.

Hyundai Kona

Hyundai Kona Electric.
Kona Electric came along with really good range back in 2018. It’s still pretty good.

Hyundai’s Kona Electric, launched in 2018, offered a competitive range of 400km (official figure) and helped alleviate range anxiety. The facelifted model arrived in 2021 with updated styling. A 2021 facelift Kona II with the 64kWh battery, showing 67,000km, is listed at $29,980.

BYD Dolphin

BYD Dolphin.
Dolphin was a bit overshadowed by Atto 3, but it’s a brilliant used EV.

While the BYD Atto 3 has been a popular choice, the Dolphin offers excellent value on the used market. It didn’t achieve the same sales figures as the Atto 3 after its 2023 launch, creating opportunities for buyers. A 2024 model with just 4,000km is available for $29,990 – essentially a new car.

Kia Niro

Kia Niro.
Niro EV is very similar to Kona Electric underneath, but a bit less kooky looking.

The Kia Niro, launched in 2018, was available in hybrid, plug-in hybrid, and all-electric versions. The first-generation Niro EV is closely related to the Hyundai Kona Electric under the skin, but with more conventional SUV styling. A 2022 EX455 model (indicating a 455km range) with 77,000km is currently priced at $29,950.

BMW i3

BMW i3.
Come on, you know you lust after one.

For enthusiasts, the BMW i3 remains an appealing option. Launched in 2013, it featured a revolutionary carbon fibre reinforced polymer construction and distinctive rear-hinged doors. Available in all-electric or range-extender (REX) versions, the i3 continued in production until 2022. A 2021 full-electric model with the 120Ah battery is available for $26,680 with 87,990km.

Looking ahead, the long-term viability of EV ownership hinges on continued advancements in battery technology, charging infrastructure, and government policies. The current fuel crisis is undoubtedly accelerating the transition to electric vehicles, but a well-informed decision, based on individual needs and financial circumstances, remains paramount.

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