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The latest update is out from EROAD ( (ERDLF) ).
EROAD has expressed strong support for the New Zealand Government’s plan to transition all vehicles to electronic Road User Charging (eRUC), a move announced by Transport Minister Chris Bishop. This transition is seen as a significant modernization of road funding, aligning with climate and infrastructure goals by ensuring all road users contribute fairly, regardless of fuel type. EROAD, which has already implemented a GPS-enabled eRUC system for commercial fleets, is well-positioned to support this expansion, as the government plans to integrate an additional 3.5 million vehicles into the system. The initiative is expected to enhance fairness, efficiency, transparency, and sustainability in road funding, with EROAD ready to collaborate on the legislative and implementation processes.
More about EROAD
EROAD is a hardware-enabled SaaS company that provides safety, compliance, sustainability, and efficiency solutions for complex vehicle fleets. Its connected platform is utilized by commercial and government operators in New Zealand, Australia, and North America to manage vehicles, assets, and drivers with enhanced visibility and control. EROAD is recognized for its regulatory expertise, having developed the world’s first GPS-based road user charging system in New Zealand, where it continues to be a market leader.
Find detailed analytics on ERDLF stock on TipRanks’ Stock Analysis page.
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