Richard O'Donoghue
Question:158. Deputy Richard O'Donoghue asked the Minister for Finance if there is an increase or a proposed increase in VRT for full electric vehicles; and if he will make a statement on the matter. [18163/25]
View answerThursday, 10 April 2025
Questions (158, 159)
Richard O'Donoghue
Question:159. Deputy Richard O'Donoghue asked the Minister for Finance if there is an increase or a proposed increase in VRT for plug in hybrid vehicles; and if he will make a statement on the matter. [18164/25]
View answerWritten answers
I propose to take Questions Nos. 158 and 159 together.
Vehicle Registration Tax (VRT) reliefs for hybrid and plug-in hybrid vehicles expired on 31 December 2020.
VRT category A and B vehicles which are powered only by an electric motor and registered before 31 December 2025 are eligible for relief from VRT up to a maximum amount of €5,000. Vehicles with an Open Market Selling Price (OMSP) of up to €40,000 are granted relief of up to €5,000. Vehicles with an OMSP of greater than €40,000 but less than €50,000 receive a reduced level of relief. Reliefs have been removed for any electric vehicles above €50,000. Series production electric motorcycles are exempt from VRT until 31 December 2025.
In relation to the question of whether there is an increase or a proposed increase in VRT for full electric vehicles or plug in hybrid vehicles, the Deputy will be aware this is a matter which will be considered in the context of the annual Budgetary cycle which includes the presentation of policy options to the Tax Strategy Group. The consideration of policy options takes account of a wide range of issues including climate action commitments, social policy and economic impacts. Tax Strategy Group papers will be published online following their presentation to the Tax Strategy Group.
Question No. 159 answered with Question No. 158.