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VRT overhaul would see the price of a new car soar by €1,000

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'Despite some hopes to the contrary, the plan effectively rules out the prospect of a scrappage scheme to get rid of old, high-emission cars.' (stock photo)

'Despite some hopes to the contrary, the plan effectively rules out the prospect of a scrappage scheme to get rid of old, high-emission cars.' (stock photo)

'Despite some hopes to the contrary, the plan effectively rules out the prospect of a scrappage scheme to get rid of old, high-emission cars.' (stock photo)

The price of an average new car would increase by upwards of €1,000 under a proposed overhaul of Vehicle Registration Tax (VRT) ahead of the Budget.

A prestigious government think-tank says buyers of new cars with 'average' or 'above average' emissions should pay more tax - to push people towards greener vehicles.


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