New gov scrappage grant of 8500

I hope this is more than just a box ticking exercise but there's a €10m fund to provide 5k in grants so it is limited to 2,000 cars. There was over 7,000 new EVs registered in January so this fund will only last a few weeks and I suspect it will have minimal impact.

Given its a only pilot scheme it will have a minimal impact. But hopefully it leads to something bigger.

But I should have clarified my previous comments when I said it was all about climate, its actually about money. i.e. EU fines for not hitting 2030 climate targets.

https://www.rte.ie/news/2026/0604/1576702-evs-scrappage/

good to see the government is still pursuing the need for the change over to ev's, but this will very likely fall short of its aims, the majority of us will more than likely remain driving ice cars until well into the 40's/50's unfortunately, mentioned on the times inside politics podcast

https://player.fm/series/irish-times-inside-politics

Let’s pick a popular family car the Skoda Kodiaq 7 seater. A good spec one new is approx 67k otr so with a 20k deposit that’s approx 460 a month pcp. A 3 year old so 2023 Kodaiq sells for around 45k. Puts a 20k deposit and 3 year credit union loan that about 760 euro per month. So you are driving a brand new car for close to half the monthly outlay (and the same upfront outlay) as a 3 year old used one which has far more potential to cost you money within the 3 years also.

After 3 years most people will be changing to a newer one so if you trade in the pcp one you never pay the balloon and go into a new one for similar monthly plus maybe a little extra deposit (or maybe not the way kodiaq’s hold hold their value). You go up to another 3 year old one and your figures are similar to change so you end up in reality spending more to own the older car and have a more challenging cash flow outcome on the monthly repayments.

New cars have to be produced regardless to replace older ones averaged over the long term it should make no difference to the numbers of cars produced except it will be increasing EVs produced vs non EVs which will be far better for the environment over their lifetime of the car.

what a cock up, this also shows how out of touch our state is in regards what needs to be done here, and how to do it, we still clearly dont have the infrastructure required for a largely ev transport system, in its entirety, for both state and private transportation

That's the sweet spot for buying a new car maybe.

Cheapest option is just paying the minimum to keep an old car on the road. Until the point repairs cost more than buying another old car.

But scrappage deal isn't targeting that market. It's IMO get some people who are about to buy a new ice to buy an EV instead.

Political white washing. Making it look like you're doing something but actually doing very little. Tokenism. Vote grabber.

I don't think there anything wrong with the scrappage scheme it's self. It's only going to useful to a narrow group of people.

Why they've created it now, is harder to explain.

possibly, but again, will more than likely only benefit a very small percentage of car owners, if you re like myself, and have an ice car, rock on!

stunning machine, you re probably saving a fortune, but again, the majority of us wont be driving ev's for a very long time to come, and we ll all pay for it, including yourself

Did we forget that end of summer excise duties will go up again? At that time government can say, but look we are giving people support to do away with old ice cars. It’s a smart move to give them better looks and soften public anger come time for hard decisions end of summer.

Think €50k which is down from €60k and proof this is just a joke waste of time effort. Paltry amount that might reduce EV sales as many would be in the 50 to 60k bracket.

Proof of what? The Govt made very clear they are looking to promote the purchase of small and medium sized EVs rather than larger and more expensive models, hence the reduction in the grant.

In fact it may even incentivise manufacturers to lower their retail pricing for models that just exceed the pricing in order to qualify for the scheme. Its actually very strategic by the Govt.

Remember its a pilot scheme so its small in scale. How consumers respond to it will inform as to a larger scheme being implemented.

If it was about the environment or avoiding fines there would be no upper limit. Just limit the grant amount at €3500 so someone buying a 60k car gets proportionally less grant.

Of course there has to a be a limit. Govt still has to manage a budget.

Regarding 0% pcp comments above and how it is good. Mad lad would have jumped on this for sure. But, seriously, why people forget that they given away a huge deposit and that they are not guaranteed to not have to pay extra deposit to roll into new pcp!