News
Grant for electric cars to be cut from July

By John Healy of Healy Insurances
The maximum private vehicle electric car grant is set to be reduced to €3,500 on July 1 next. The current maximum grant is €5,000.
Administered by the Sustainable Authority of Ireland, the EV grant has been in operation since 2011 and has supported the purchase of over 40,000 electric vehicles since then.
Almost €200m in funding has been granted for the purchase of privately owned EVs over the past 12 years.
Zero Emission Vehicles Ireland (ZEVI), an office within the Department of Transport, said that many other elements of the EV grant system remain unchanged.
Vehicle incentives for business stay the same and SEAI will continue to administer the commercially bought EVs and large panel vans grants at current levels.
The small public service vehicles grant for taxi and hackney drivers administered by the NTA was renewed in February, while the Alternatively Fuelled Heavy Duty Vehicle Purchase Grant Scheme, managed by Transport Infrastructure Ireland, has also remained unchanged.
Earlier this month, the Oireachtas Public Accounts Committee was told that there were 77,000 electric or plug-in hybrids on the road at the end of last year. Declan Meally, director of transport at SEAI, said the trajectory is there to reach a target of 175,000 by the end of 2025. From an insurance perspective, EVs are quoted by all the major insurance markets.
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