How to claim the 20% NZ Investment Boost When you Buy a BYD

If you’re considering a new work vehicle or upgrading your business fleet to a new BYD electric or super hybrid vehicle, now is the perfect time. From 22 May 2025, the Government’s new Investment Boost allows businesses to claim an immediate 20% tax deduction on the cost of new assets – including vehicles like the BYD ATTO 3, Seal, Dolphin, Sealion 6, Sealion 7, and Shark 6.

That means when you invest in a new or new-to-New Zealand BYD vehicle, you’ll enjoy significant tax advantages in the first year, along with the long-term savings that come from lower running costs of EV ownership.

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How Investment Boost

When your business purchases a new BYD vehicle on or after 22 May 2025, you can:

Claim 20% upfront of the vehicle’s cost as a tax deduction in the year of purchase.

Depreciate the remaining 80% of the vehicle’s value over time as usual.

For example, if your business purchases a BYD Shark 6 for $70,000, you could claim:

$14,000 upfront (20%) as part of Investment Boost.

Then depreciate the remaining $56,000 in the following years.

This provides faster tax relief and improves cash flow in year one.

What Businesses Can Claim Investment Boost On

For BYD buyers, this includes:

Brand-new or ex-demo BYD electric vehicles purchased for business use.

Vehicles that are new to New Zealand (imported directly for your business).

You cannot claim Investment Boost for second-hand vehicles sourced within New Zealand.

The Benefits for Your Business

Choosing a BYD EV with Investment Boost offers a double advantage:

Immediate tax savings – reduce your tax bill in year one with the 20% deduction.

Lower ongoing costs – BYD vehicles are cheaper to run and maintain than petrol or diesel vehicles.

When you combine these tax benefits with the long-term fuel and servicing savings of an EV, the financial case for upgrading your business fleet has never been stronger.

Example Tax Savings with Investment Boost

Without Investment Boost:

Buy a BYD vehicle for $70,000.

Depreciate $14,000 each year for 5 years.

With Investment Boost:

Claim $14,000 upfront (20%) in year one.

Depreciate the remaining $56,000 over the following years.

The total tax deductions are the same, but the timing advantage means more cash in your pocket sooner.

Why BYD is the Smarter Business Investment

Future-proof your fleet with EV technology designed for New Zealand conditions.

Boost sustainability credentials with zero-emission and low-emission vehicles.

Save on running costs with electricity much cheaper than petrol or diesel.

Benefit from Investment Boost with accelerated tax deductions.

Upgrade to BYD Today

With BYD Nelson, you can invest in your business fleet and take advantage of Investment Boost from 22 May 2025. Whether it’s a compact BYD Dolphin for city use or a powerful Shark 6 for tougher jobs, your business gains tax benefits, savings, and a greener reputation.

Contact BYD Nelson today to discuss how Investment Boost + BYD can work for your business.