Under the Climate Action Plan 2023, Zero Emission Vehicles Ireland has a plan to have 30% of our private car fleet switched to electric by 2030. A maximum grant of €5,000 is available for a qualifying car, which will be reduced to a maximum grant of €3,500 from July 1st. See Table 1.1 below.
There are two types of electric vehicles: battery electric vehicles (BEVs) which are powered by a battery only; and hybrid electric vehicles, which is fuel-powered and generally uses petrol or diesel.
You may be able to get a grant from the sustainable energy authority Ireland (SEAI) if you are buying a battery-powered electric vehicle that meets specific standards. Approved EV’s with a full price of more that €60,000 and less than €14,000 will not qualify for a grant.
Table 1.1: Changes in Grant Amounts as of the 1ST of July 2023
|List Price of Approved BEV||Grant Amounts Until 30th of June||Grant Amounts as of July 1st 2023|
|€14,000 – €15,000||€2,000||€2,000|
|€15,000 – €16,000||€2,500||€2,500|
|€16,000 – €17,000||€3,000||€3,000|
|€17,000 – €18,000||€3,500||€3,500|
|€18,000 – €19,000||€4,000||€3,500|
|€19,000 – €20,000||€4,500||€3,500|
|€20,000 – €60,000||€5,000||€3,500|
Other Subsidies afforded to electric vehicle users remain in place, such as:
- BEV’s with an open market selling price (OMSP) of up to €40,000 are eligible for relief from VRT up to €5,000. Vehicles with an OMSP of greater than €40,000 but less than €50,000 will receive a reduced level of relief. This relief is available to cars powered only by an electric motor and which are registered before the 20th of December 2023.
- The annual motor tax rate for an electric vehicle is €120 per year for a BEV – which is the lowest band of motor tax.
- The electric vehicle home charger grant is a government funded support scheme which provides a grant up to the value of €600 towards the purchase and installation of a home charger unit. Follow the attached link to apply for your electric vehicle home charger grant!