Date: 01 Apr 2021
Electric Vehicle Grant Scheme to prioritise fully electric cars as part of drive to halve country’s carbon emissions by 2030.
The Department of Transport is to introduce changes to the grants available to some electric cars - capping the price of vehicles that qualify, and reducing the incentive for plug-in hybrids.
Support in the form of government funding is being refocused to prioritise battery electric cars. Grants for these EVs will continue at a rate of €5000. From the 1st of July 2021, the value of the purchase grant for Plug-In Hybrid Electric Vehicles (PHEV) will change from €5,000 to €2,500.
The SEAI grant scheme aims to encourage behavioural change and support the Government’s commitment to achieving a 51% reduction in transport emissions by 2030.
Overview of additional EV supports:
- 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;
- 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.
Read more HERE.