Budget 2025 ev grant

I don't believe they will change anything to increase sales. The green agenda has taken a general hammering, so EVs won't be in the spot light. The gov will want to spend money to buy votes, so the money will go on appeasing the electorate.

The grants and incentives have been credited with the mass adoption of EVs in Norway. And the new grants and incentives in Italy seem to be having a similar effect.

That makes much better sense.

Fair enough, but you know Ireland.

'Only favours the rich'

'What about those who don't pay tax'

🙂

I am sure most pensioners who are buying a new EV are also still paying Tax.

However I can see the headline in the leftie press:

"Tax break for rich people to buy a powerful expensive Tesla"

Yeah. Keep it simple is the best policy. And tax credits will favour the better off since they will be on a higher tax rate. Also since we already have these incentives all over Europe to different levels, manufacturer's prices can be easily monitored for asymmetrical price rises.

It would be worth over €250 per year in savings for me personally (a return journey twice a week when heading into the office + a couple of more journeys tagged on per month). Not a massive amount tbh but for those passing the M50 or other tolls each day it could be significant.

Same could be said for the hundreds of thousands of EV panels going on Irish roofs. All government subsidised but less emotive as they are largely unknown brands so people don't care.

For some reason some people tend to be very patriotic to the EU with car brands and not a lot else.

The recent slowdown is global though.

Slightly linked, as need to look at high level overall government policy, in this space.

From May 1st 2023, They zero rated vat on panels, pv equipment, pv batteries and on the the labour to install them, depending on what one got, it could easily be €1000+ for an average household, it was more than that for me, and i just got in on the €2,400 PV grant.

The 13.50 % vat remained, rather bizarrely, on the install of EV Chargers.

They also introduced low interest retrofit loans at around circa sub 4% rates, which don’t have to be secured on your home, and can be up to 10 years, and can be drawn as work progresses.

I have my doubts the EV grant will increase, EV prices have dropped significantly and are likely to reduce further, they got rid of vat for PV installs. and have low interest loans , thats a lot of barriers removed.

You're not wrong. It cost the tax payer very little but gave great bragging rights. Which as we all know work better in Ireland than real savings. That's the disproportional effect you noticed. Like the "chape tax" on diesels. Back in '12 and '13, people forking out an extra €10k to get a '08 BMW 520d a year younger so they pay €200 annual motor tax instead of €710 for an '07 😂

A handy saving though all the same. Almost all of my toll is the M50 and I mostly go through it off peak. This meant a 75% discount. Rarely go through it for work, still saved myself about €200-300 per year. Anyone commuting through it, even at peak times, saved themselves the maximum €500 per year. Tax free of course.

Love this @unkel