The Irish Government plans to increase electric vehicle adoption on the Emerald Isle. Its investments in low carbon technologies doubled in 2020. A generous incentive package, including electric vehicle charger supports, has led to a significant rise in electric car sales. So, more and more people choose to apply for EV purchase grants and make the switch.
Let’s take a look at the main EV incentives available in Ireland.
Privately Purchased EVs
Nowadays, there is a grant of €5,000 available for qualifying battery electric vehicles (BEV) when bought privately and priced at €20,000 or more. Smaller grants are offered for lower value EVs. However, if an approved electric car with a List Price of less than €14,000 will not qualify.
The grant also applies to Plugin Hybrid Electric Vehicles (PHEV), although from July this year, the maximum grant to PHEV will be reduced to €2,500.
Commercially Purchased EVs
SEAI suggests financial supports towards the N1 category electric cars for business and public entities. These vehicles are usually small goods carrying vans with a maximum mass of not more than 3500kg. A maximum of €3,800 is available. However, approved electric cars priced lower than €14,000 do not qualify for a grant. This financial aid applies to new vehicles only.
EV Chargers at Home
A government suggests a support scheme to help homeowners install an EV charging point on their property. You have to own an eligible car, new or second-hand, to apply. The EV charger grant can be up to €600. You can use it to purchase and install a home electric vehicle charger unit.
Here are some of the eligibility criteria:
Additional supports to EV owners:
Another recent initiative is to address the range anxiety of those who do not have a home EV charger. The Minister for Transport announced the first approvals for funding public EV charging points by Local Authorities on July 1st, 2021. It is vital that infrastructure keeps ahead of demand as more people opt for clean and efficient cars.
There are many reasons for switching to EV. The variety of electric cars is increasing. So does the range and the number of public charging points available. Besides, the government continues to support this transition by offering incentives for private EV owners and for businesses. You can obtain a subsidy for buying an EV or installing an electric vehicle charger at home. Usually, when purchasing a car, the dealer can apply for a grant for you.