Robert Troy
Question:101. Deputy Robert Troy asked the Minister for Finance the estimated cost of extending the VRT rebate for electric vehicles from 2021 to 2026. [14878/18]
View answerThursday, 29 March 2018
Questions (101, 102, 122)
Robert Troy
Question:102. Deputy Robert Troy asked the Minister for Finance the estimated cost of extending the VRT rebate for hybrid vehicles from 2021 to 2026. [14879/18]
View answer
Timmy Dooley
Question:122. Deputy Timmy Dooley asked the Minister for Finance the estimated cost of extending the VRT rebate for electric vehicle purchase from 2021 to 2025. [14893/18]
View answerWritten answers
I propose to take Questions Nos. 101, 102 and 122 together.
I am advised by Revenue that the cost of the Vehicle Registration Tax (VRT) rebate for electric cars in 2017 is estimated at €5.3 million. There is no basis available to Revenue on which to forecast possible future costs as this is linked to the growth in the volume of electric car sales. The higher the rate of growth in the sales of electric vehicles the higher the annual costs to the taxpayer of extending the relief.
I am advised by Revenue that the cost of the VRT rebate for hybrid cars in 2017 is estimated at €10.3 million for the year. There is no basis available to Revenue on which to forecast possible future costs as this is linked to the growth in the volume of hybrid car sales. The higher the rate of growth in the sales of hybrid vehicles the higher the annual costs to the taxpayer of extending the relief.