If you have a new account but are having problems posting or verifying your account, please email us on for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact
Please note that it is not permitted to have referral links posted in your signature. Keep these links contained in the appropriate forum. Thank you.

Accelerated Capital Allowance for EV

  • 09-02-2022 6:32pm
    Registered Users Posts: 1,421 ✭✭✭

    I have searched elsewhere but have not really found an answer to this question, hopefully somebody here knows something.

    I am a sole trader and thinking about purchasing an EV, the cost will be around €40k

    Normally with any vehicle used 100% for the business I can write off a deprecation of 12.5% over 8 years, however with Accelerated Capital Allowance it seems that I can now offset a max value of €24k against tax on year 1.

    1. Am I still entitled to claim the grant ?
    2. Is there any other tax write offs in years 2-8 ?

    Thanks in advance