Wednesday, 18 December 2019

Ceisteanna (137)

Martin Heydon

Ceist:

137. Deputy Martin Heydon asked the Minister for Finance the status of the financial incentives for the provision of electric vehicles; and if he will make a statement on the matter. [53874/19]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Finance)

From a taxation perspective, Battery Electric Vehicles (BEVs) are eligible for relief from Vehicle Registration Rate (VRT) up to a maximum amount of €5,000. This relief is scheduled to end on 31 December 2021. In addition, electric cars pay a low €120 motor tax rate.

The rate of VRT applied to hybrid electric vehicles and plug-in hybrid electric vehicles is dependant on their CO2 emissions and the Open Market Selling Price of the vehicle. However, these vehicles are eligible for relief from VRT up to a maximum amount of €1,500 for hybrid electric vehicles and €2,500 for plug-in hybrid electric vehicles. These reliefs are scheduled to end on 31 December 2020. 

From 1 January 2020, CO2 emissions thresholds of 80 g/km will apply to the hybrid electric vehicle VRT relief and 65 g/km to the plug-in hybrid VRT relief. Vehicles above these thresholds will not be eligible for these VRT reliefs.