New car sales show a substantial increase in EVs and Plug-In Electric Hybrids, 811 EVs and 301 plug-ins sold in the month of January representing a combined market share of 3.4%
It’s the end of the road for some Electric Car grants writes Geraldine Herbert
From July 1st 2021, the Sustainable Energy Authority Ireland (SEAI) grant for Plug-In Hybrid Electric Vehicles (PHEV) will be reduced from €5,000 to €2,500. and the grant for both EVs and PHEVs will only apply to cars under €60,000.
The following EV supports and grants will remain in place:
• Home Charger Grant Scheme provides support towards the full cost of installation of a home charger up to a maximum of €600;
• Public Charge Point Scheme provides a grant of up to €5000 to local authorities to support the development of on-street public chargers;
• VRT relief of up to €5,000 for the purchase of BEVs and up to €2,500 for PHEVs on cars under €60,000;
• Benefit-in-Kind tax relief for battery electric vehicles;
• grants of up to €12,500 to support the purchase of electric vehicles in the taxi/hackney/limousine sector
• Under Budget 2021, €15 million secured by the Department of Transport to support taxi and hackney drivers in scrapping their older vehicles and replacing them with electric alternatives.
• Accelerated Capital Allowances for businesses;
• Low rate of annual motor tax;
• Tolling reductions of 50% for battery electric vehicles and 25% for plug-in hybrid electric vehicles.
Geraldine Herbert
3rd June, 2021
