Monday 23 October 2017

Only first 1,000 electric car buyers to get €5,000 grant

Irish Independent Reporter

THE Government has limited the number of electric-car buyers who can benefit from a €5,000 grant.

The Department of Energy said last night that the money would be paid on a 'first come, first served' basis.

The deal announced yesterday is for motorists who buy an electric car this year. They will will be given €5,000 off the purchase price.

The state will provide the money to help offset the cost, but just €5m will be provided this year -- meaning that only 1,000 motorists can benefit.

Grants range from €2,500 for an electric hybrid car, with both an electric and traditional combustion engine, to €5,000 for a purely electric motor.

It emerged last month that not a single electric car had been registered in 2011 because of delays. The grant scheme was on hold until it was confirmed there were no issues with EU competition rules on state aid.

All cars sold this year will qualify. The government wants 10pc of vehicles, or 220,000, powered or part-powered by electricity by 2020.

However, the department warned that the scheme would only operate again next year if the money was available.

The initial rollout of up to 1,500 charge points nationwide by December has already begun and there are plans to install up to 30 fast-charge points across Ireland by the end of 2011.

The Nissan Leaf will cost €29,995 after the grant is paid, while the Mitsubishi i-MiEV will cost €28,995. The Renault Fluence ZE will go on sale next year, and is expected to cost €21,620.

The grant will be administered by the Sustainable Energy Authority of Ireland. All cars will be also exempt from Vehicle Registration Tax.

Irish Independent

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