The Energy Efficiency (Vehicle Fuel Economy Labelling) Regulations were first published in 2007. The Vehicle Fuel Economy Labelling scheme came into effect in April 2008 and makes it compulsory for vehicle traders and online vendors to display information about the fuel economy of their vehicles.
The aim of the programme is to allow consumers to make a more informed choice when purchasing a vehicle and to place an appropriate value on fuel economy. They are intended to allow consumers to take into account the effect that fuel efficiency will have on the environment and their fuel costs. This is designed to stimulate the supply and purchase of more fuel efficient vehicles.
The regulations require motor vehicle traders to display fuel economy labels on all vehicles (except for electric vehicles), provided a fuel economy label is available. The seller should use the information provided on the vehicle fuel economy label generator page (see http://www.eeca.govt.nz/vehicle-fuel-economy-labels/label-generator#970). These regulations apply to any vehicle sold by a motor vehicle trader or on internet trading websites.
The fuel economy information is expressed as:
1. fuel economy cost per year;
2. fuel economy rating out of 6 stars;
3. fuel economy litres per 100km.
This policy contributes to the New Zealand Energy Efficiency and New Zealand Strategy 2011-16 economy-wide energy efficiency target for New Zealand to continue to achieve a rate of energy intensity improvement of 1.3 percent per annum and transport sector target "By 2016: The efficiency of light vehicles entering the fleet should have further improved from 2010 levels." As at the end of June 2015, market research showed that 91% of used car dealers were complying with the Vehicle Fuel Economy Label (VFEL) labelling and that compliance by new vehicle dealers was 95%.