Robert Troy
Ceist:45. Deputy Robert Troy asked the Minister for Finance his plans to extend the benefit-in-kind exemption for three years for electric cars to ensure confidence for persons deciding to purchase cars. [50722/17]
Amharc ar fhreagraThursday, 30 November 2017
Ceisteanna (45)
Freagraí scríofa
The Finance Bill provides for a 0% rate of benefit-in-kind on electric vehicles in support of the climate action strategy set out in Ireland’s National Mitigation Plan. To further support this measure I am exempting electricity used in the workplace for charging vehicles from benefit-in-kind.
I addressed this issue during the debates on the Finance Bill when I stated that while the 0% benefit-in-kind relief is provided for an initial period of one year, it is my intention that it will remain in place for a longer period of time - a minimum of 3 to 5 years - sufficient to incentivise the uptake of electric vehicles.
A comprehensive review of benefit-in-kind on vehicles will take place in 2018, to inform decisions for Budget 2019, including how best to implement longer term 0% benefit-in-kind relief for electric vehicles.