€5000 VRT Relief for EVs to remain until end of 2023.

Pivot Eoin

Budget Confirms €5k VRT Rebate stays.. SEAI €5k EV Grant not mentioned.

Kramer

https://www.boards.ie/discussion/2058212774/5000-seai-grant-for-evs-to-remain-until-end-of-2023

The VRT increases start at band 9, so won't effect any BEVs & most PHEVs or hybrids.

handpref

https://www.boards.ie/discussion/2058212774/5000-seai-grant-for-evs-to-remain-until-end-of-2023

Finally put to bed, the amount of scaremongering and ill informed opinion related to this both here and in certain aspects of the media was incredible.

niallo27

What about the BIK

Red Silurian

Well aren't they great

celtic_oz

does the CAP for the SEAI grant stay the same @ 60K ?

Pivot Eoin

https://www.boards.ie/discussion/comment/118009155#Comment_118009155

There was no mention of Updates to the Cap so I assume so.

Casati

https://www.boards.ie/discussion/2058212774/5000-seai-grant-for-evs-to-remain-until-end-of-2023

Sorry is that just the SEAI grant of €5000 that remains - what about the VRT rebate?

Kramer

https://www.boards.ie/discussion/comment/118009143#Comment_118009143

Personally, I'd like to thank Eamon.

Sound lad 😋

eagerv

https://www.boards.ie/discussion/comment/118009067#Comment_118009067

To be fair no change is what many on here expected and certainly what the trade intimated to us over the last few weeks. It would have been totally reckless to make any changes to less polluting vehicles at the time when many are considering their purchases for next year.

What I did not expect was the full grant to be continued up until end of 2023, but suppose they can change the value of eligible cars easily enough.

Red Silurian

https://www.boards.ie/discussion/comment/118009176#Comment_118009176

You would need to wake him up first

Kramer

https://www.boards.ie/discussion/comment/118009209#Comment_118009209

Have you never seen him dance?

https://twitter.com/i/status/1144974805768331264

He's an inspiration 😍

Fingleberries

https://www.boards.ie/discussion/comment/118009209#Comment_118009209

Ah, in fairness to the chap, there's a lot that we can rightly give him grief over, but can you imagine having to try and stay awake listening to the amount of waffle that goes on in that place? 😀

More to the topic at hand. This news is a blessed relief, as I was worried my car would suddenly be €5k more expensive because it looks like it won't be ready this side of Christmas.

Would have been nice to have an increase in relief, but as long as it's not going down, I won't complain.

denismc

https://www.boards.ie/discussion/comment/118009067#Comment_118009067

To be fair the department of Finance published a paper recently recommending a reduction in VRT relief for cars over 30k so the commentary wasn't ill informed.

Thankfully the bean counters don't get their way all the time.

k123456

Has the VRT rebate changed /and or the ability to import an Ev from NI , VRT free (once the EV has been registered in NI pre 31/12/20)

hardybuck

The way I heard it the VRT relief was extended, but no mention of the SEAI grant being extended?

pad199207

So this means cars that were bought this year that won’t be delivered till January will have the new plates?

zg3409

Saw this on Facebook

Budget 2022: Tax Policy Changes for EVs (may be other changes?)

https://assets.gov.ie/201244/2bb2e8d2-5220-4c05-be1b-41cb546df6e4.pdf

Pivot Eoin

https://www.boards.ie/discussion/comment/118009165#Comment_118009165

Edited OOriginal title as I got wires crossed. Information unclear still on SEAI Grant it seems.

ted1

https://www.boards.ie/discussion/comment/118009467#Comment_118009467

They were always going to. You can’t register cars that are not here

pad199207

https://www.boards.ie/discussion/comment/118009591#Comment_118009591

Even if they wanted to register them for the grants?

innrain

I do hope they retain SEAI grant as VRT relief is not reaching 5k.

hardybuck

https://www.boards.ie/discussion/comment/118009975#Comment_118009975

I think they should give it another year and give people plenty of notice before they start to taper it down over a couple of years. I think a decision to end it before then would seriously reduce the sales of electric cars, which would be a shame considering the momentum that's building.

You could see the Greens being prepared to sacrifice it if it means that more money will go into greener public transport.

baby fish

Carbon Reduction Programmes

Over €100m is being provided towards making the switch to electric vehicles. Specifically grant support is being provided for the:

• continuation of the purchase grant scheme for electric passenger cars

Taken from: gov.ie - Budget 2022 to help transform how we travel (www.gov.ie)

Think this looks like the grant will also be continued?

Hope so anyway!

ted1

https://www.boards.ie/discussion/comment/118009797#Comment_118009797

Even then.

Professor Moriarty

From the RTE website:

"€5,000 relief for Battery Electric Vehicles until 2023"

Red Silurian

https://www.boards.ie/discussion/comment/118009347#Comment_118009347

Fair point on the snoozer... You won't be getting 5k off your new car, it will be more like ~€3k but at least it's something

celtic_oz

until they announce the CAPS/BANDS on both types we are none the wiser

The sweet spot is a car of value of exactly €40K which would recieve the full €5K VRT and €5K SEAI grants, bringing the cost down to €30K

Currently they are

VRT :

"Vehicles with an Open Market Selling Price (OMSP) of up to €40,000 will be granted relief of 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. Reliefs have been removed for any electric vehicles above €50,000."

SEAI :

A maximum grant of €5,000 is available for qualifying electric vehicles when purchased privately. Approved EVs with a List Price of less than €14,000 will not receive a grant. As of 1st July 2021 there is a cap of €60,000 on the full price of all vehicles. The full price of the vehicle to the customer includes all optional extras, paint and delivery for excludes any incentives such as grants or rebates.

Kramer

The sweet spot is a car of value of exactly €40K which would recieve the full €5K VRT and €5K SEAI grants, bringing the cost down to €30K

Isn't VRT 7% for all BEVs though? 7% of €40k is just €2,800 in VRT relief.

As someone said earlier, the €5k VRT relief is impossible to achieve these days, since the rate was reduced to 7%.

innrain

Yes, the 5k rebate was relevant when VRT was 14%. Even Revenue's website is wrong as VRT for electric cars is 7%

https://www.revenue.ie/en/importing-vehicles-duty-free-allowances/guide-to-vrt/calculating-vrt/electric-and-hybrid-vehicles.aspx

Here is the VRT manual, page 21 says :

So if I understand correct this can be plotted like:

Where horizontal axis is the OMSP and vertical VRT rebate/VRT payable. I hope I understood this correctly.

celtic_oz

So to maximize the current grants the OMSP should be €49,999, I think ?

ted1

Just off the phone to SEAI. they are in talks with the department of finance about the grant. They’ll know what’s it’s being extended to 2022 in a week or two.

They are aware of the semi conductor issue and have asked all Dealers to register their orders for the grant.

she advised I ring my dealer and ensured it’s registered.

cannco253

https://www.gov.ie/en/press-release/4a772-department-of-transport-announces-details-of-eligibility-and-temporary-extensions-for-ev-schemes-under-budget-2022/

From 01 January the PHEV purchase grant of €2,500 will no longer exist, however these vehicles will continue to attract supports including home charger grants and tolls. Please note however that all new applications for Plug in Hybrid Vehicle grants will only be accepted for vehicles delivered, registered, and taxed before the end of December 2021.

• Any PHEV or BEV (above the 60k value threshold) which has an existing grant offer and was due to be delivered in 2021 but has met unforeseen delays due to semi-conductor shortage, may avail of an extension to 31st March 2022.

• This extension will be available to both private motorists and eSPSV (taxi) drivers who have grant offers in the system at the moment.

• Grant applicants should contact the SEAI in relation to private motorist grants, or the NTA for eSPSV grants, to arrange for this extension in relation to vehicles purchased in 2021.

Kramer

https://www.boards.ie/discussion/comment/118040767#Comment_118040767

So BEVs stay as they are then for another while. Basic Model 3 SR+ are OK.

PHEVs will receive no grants from 1st January (unless already ordered & with grant approval but delayed delivery).

ted1

https://www.boards.ie/discussion/comment/118040767#Comment_118040767

so grants remain for BEV sub 60k.. if you ordered a car worth more than 60k before July, you''ll get the grant if tis delivered before March 31st

• Continuation of the purchase grant scheme at existing levels for fully electric passenger cars and vans, and the refocusing of exchequer funding on zero tailpipe emission vehicles.

Kramer

To me it reads that the grant to private cars remains after march..

Correct.

The second point just states BEVs over €60k, ordered & approved for the grant before July 1st this year & all PHEVs, again ordered & grant approved, can be delivered early next year & the grant will still apply.

cannco253

https://www.irishtimes.com/business/transport-and-tourism/grant-incentives-removed-for-plug-in-hybrids-1.4704526

Anger

Unsurprisingly, the car trade in Ireland has reacted with anger at this sudden removal of the grant. Brian Cooke, director general of the Society of the Irish Motor Industry (Simi) said: “This is a terrible decision, which is anti-consumer and anti-environment, only adding to the cost for the customer making a better environmental decision.

“PHEVs are an important stepping stone to going fully electric, particularly in parts of rural Ireland where this is a lack of charging infrastructure. For the first quarter of next year PHEVs have been ordered well in advance of the Budget.

“The Government’s Climate Action Plan hopes to have 94,000 PHEVs on our roads by 2025 and 290,000 by 2030. The removal of these incentives undermines this plan and runs counter to the aim of reducing emissions. While we accept supports cannot be in place forever, it is way too early to remove this grant. It is particularly unfair to consumers and the Industry who have ordered cars for 2022 in expectation of this support continuing.”

Simi seems especially exercised that the move has come without warning, having not been announced in last week’s Budget, at that it does not include the four-month grace period previously allowed buyers when the rebate was reduced in July of this year, from €5,000 to €2,500.

ted1

https://www.boards.ie/discussion/comment/118040883#Comment_118040883

what have SIMI done about installing more chargers??

Kramer

Simi seems especially exercised that the move has come without warning, having not been announced in last week’s Budget, at that it does not include the four-month grace period previously allowed buyers when the rebate was reduced in July of this year, from €5,000 to €2,500.

I've no time for the SIMI lobby group, but I have to agree. Removing a grant in mid October for cars delivered on January 1st is unfair.

Ultimately, they'll force end users to accept a 212 reg plate & their PHEV will be devalued by several thousand euros in the years to come, should they wish to upgrade to a BEV. Others, contemplating a BEV but not sure, would opt for something like the Tuscon PHEV. They'll likely stick with a diesel now or not bother at all if the BEV isn't suitable or there's no equivalent BEV available at all, or the equivalent BEV is €10/15k more expensive.

They should have made the announcement now & applied any changes from March 31st.

Pivot Eoin

The point about Rural Infrastructure is I suppose Fair enough, but doesn't change the fact that Home Charging is avilable to pretty much anyone ono the grid. It is contradictory on the Government's part though.

https://www.boards.ie/discussion/comment/118040940#Comment_118040940

I think people who were considering a PHEV like the Tucson SUV will find that there's plenty of comparable BEVs in that price range (Ioniq 5, Enyaq, Id.4 etc.) although I know Range Anxiety will still play a part there.

I think the true reality of PHEVs is becoming wider knowledge that if you're not in Electric mode often (Like a lot of rural drivers) then they are actually worse on Petrol than a lot of ICEs.

All in all, the Government could have been a bit more flexible around notice time, and maybe even look at different grants depending on your address (i.e a PHEV is more efficient if you're largely doing Dublin driving).

Great that the BEV Grant is staying in place at its current level. As someone who has a deposit down on an Ioniq 5, I can say I actively did this in fear of the grant disappearing this year, so now that it is staying, I wonder should I hold off and see what EVs are expected in Late 2022, and will they be significantly better Value than the Likes of Ioniq 5, ID.4 etc.

Suppose there's always a reason you could hold off, I reckon the Ioniq is somewhat Future proofed for a good few years so I might not really need to worry at all about that.

pad199207

This part may help my dilemma of being given a 212 plate in January

“Any PHEV or BEV (above the 60k value threshold) which has an existing grant offer and was due to be delivered in 2021 but has met unforeseen delays due to semi-conductor shortage, may avail of an extension to 31st March 2022.”

MightyMunster

https://www.boards.ie/discussion/comment/118040940#Comment_118040940

They did the same with the business grant in 2019. Cut with immediate effect in October, 2 days after my company car was stolen

Lantus

It's a sensible move. Better to stop the phev craze which offers a debatable and likely small benefit and encourage Bev adoption which is Europe's goal. They are doing people a favour as phevs will get clobbered as much as normal ice cars re tax and penalties in years to come. No stepping stone is needed because in 2 to 3 years the market will be maturing.

Casati

https://www.boards.ie/discussion/comment/118022544#Comment_118022544

Sorry can somebody confirm this is correct? If I buy a car with rrp of say 45000, this should have VRT of €3150 however is all of this refunded?

ted1

https://www.boards.ie/discussion/comment/118043097#Comment_118043097

Are you buying a PHEV or BEV over 60k?

if you are getting a 212 car in the new year then it’s an ex demo. Otherwise why not pick it up before the new year? A new c

pad199207

https://www.boards.ie/discussion/comment/118045586#Comment_118045586

BEV over 60k

Delivery looks to be into December, but why pick up a 212 in Dec? Dealer said in order to get the grant it would have to be registered this year. But grant now extended for delayed BEV’s.

So I’m wondering if the dealer gets the car in December, could they register it in January and we collect it then?

We ordered in the beginning of May.

mc2022B2TF

Not sure which thread to post this on but may aswel here.

My dad was looking at the Tuscon Hybrid (not the plug-in one) and needless to say i'm trying to convince him to go fully electric.

Anyway he is telling me 2 dealers mentioned a 5k grant to him. I told him there is no longer any grant as in my head i was certain there wasn't. I have done some online research and i can't see of any incentives for a Hybrid, including VRT relief.

Am i wrong here and is there any sort of incentives still out there on a Hybrid vehicle?

Miscreant

https://www.boards.ie/discussion/comment/119683988#Comment_119683988

There are no longer incentives for hybrid vehicles. They have been gone for a couple of years now AFAIK.

mc2022B2TF

i know - id love to know what he was being told by the dealers - has to have been crossed wires. Cheers.

Old diesel

https://www.boards.ie/discussion/comment/119683988#Comment_119683988

5 k grant is for full electrics under 60 k euros - but the EV must be under 60 k without the grant.

However that grant will likely be reduced after July 2023.