Timmy Dooley
Ceist:63. Deputy Timmy Dooley asked the Minister for Finance the estimated cost of extending the VRT rebate for electric vehicle purchase until 2019 to 2023, respectively. [54080/17]
Amharc ar fhreagraThursday, 14 December 2017
Ceisteanna (63, 64)
Timmy Dooley
Ceist:64. Deputy Timmy Dooley asked the Minister for Finance the estimated cost of extending the VRT rebate for hybrid vehicle purchase until 2019 to 2023, respectively. [54081/17]
Amharc ar fhreagraFreagraí scríofa
I propose to take Questions Nos. 63 and 64 together.
As I informed the Deputy in the reply to PQ 50963/17 on 29 November 2017 Revenue does not have information to enable it provide an accurate forecast of the future growth of electric and hybrid vehicles. As such it is not possible to determine the cost of extending the VRT rebate to electric and hybrid vehicles until 2019 or beyond that year.
Revenue have estimated the cost of the Vehicle Registration Tax (VRT) rebate for electric vehicles and hybrid vehicles in 2017 to be €5 million and €10 million respectively, giving a total estimated cost of €15 million for the year.