I refer the Deputy to the reply to Question No. 497 of 4 July 2017.
That reply stated that 638 Electric Vehicles (EVs) were supported under the EV Grant Scheme in 2016. On that basis, it is estimated that increasing each grant by €1,000 per vehicle, for the same number of vehicles, would cost an extra €638,000 while increasing each grant by €2,000 would cost an additional €1.276 million. Increasing each grant by €3,000 would add an estimated €1.914 million to the total spend under the scheme.
Since the beginning of 2017, almost €2.2 million has been spent to support the purchase of 456 new electric vehicles, and my Department expects a similar number of EVs to be grant aided for the remainder of this year. Therefore, using an estimate of 900 EVs supported for the full year at a cost of 4.3 million, the three scenarios would add €0.9 million, €1.8 million and €2.7 million, respectively to the cost of the scheme.
The projected cost of the three scenarios outlined in 2016 and 2017 are set out in the following table.
Year
|
No. of EVs supported
|
Amount in Grant Aid paid
|
Estimated total cost of €1000 extra grant aid per EV
|
Estimated total cost of €2000 extra grant aid per EV
|
Estimated total cost of €3000 extra grant aid per EV
|
2016
|
638 (actual)
|
€3,038,800 (actual)
|
€3,676,800
|
€4,314,800
|
€4,952,800
|
2017
|
900 (projected)
|
€4,300,000 (projected)
|
€5,200,000
|
€6,100,000
|
€7,000,000
|