New gov scrappage grant of 8500

I don't see why there had to be or should be a limit. The reduction is not percentage based so it's the same reduction on a more expensive car and therefore it would be applied to the same number of cars also i.e. it would not result in less cars being sold under the scheme so the budget would go just as far if it was open to all. It would actually be more beneficial to the government to be selling more expensive cars as they would be getting more back in vrt and vat from a more expensive car (again given this is a flat rate).

These limits should be challenged in my opinion - it should be open to all EVs regardless of price as should the grant.

Just to be clear Im not advocating for or against the scheme, just trying to point out regardless of peoples views, the facts are

• The Govt has made clear the aim on the scheme - targeting certain cars for both scrappage and purchase.
• It is a limited pilot scheme that will inform future policy direction (i.e. assessment for an expanded scheme). Hopefully there will be an opportunity for public comment into a future scheme.
• It has to be limited as money needs to be budgeted for. You cant have an open ended, unfunded scheme.

You make a good point. If the government's intent is to stop subsidising upmarket extras and try and force manufacturers to lower their retail prices, then lowering the cap to stay under the €50k ceiling may have that affect. We will have to wait and see.

its clearly obvious, most state environmental targets are going to be missed now, including ev conversions from ice, therefore more taxes are going to be required to pay for all those missed targets, so you, and i, will pay for all of that, one way or another, as most taxes are not ring fenced, so….

..then of course theres all the environmental damage that will occur due to this, and again, you and i will also pay for all of that to, so…..

…so thats what you and i will be paying, and everybody else for that matter

But most of the eligible EV models are between €40-€50k, so they will still make VRT revenue on that amount.

So the government isn't doing this for fiscal reasons, its doing this because the panic about hitting (or not hitting more accurately) the 2030 climate targets is starting to build.

Yep, thats my view as the underlying driver of the scheme - its the EU big stick approach. I could well be wrong, but Govt has been kicking this can down the road and now they are having to face reality across all sectors. The transport is just one of them.

And also obviously reduces the government's tax take on petrol/diesel hugely too.

This is a completely separate issue and this is already subject to consideration by other bodies and think-tanks. Dont worry, I am certain the Govt in time will work out a way to replace that lost revenue.

You haven't given away a massive deposit you will a lot of that deposit going forward onto the next car if you roll over the PCP. You may or may no have to put some deposit with it but it will be much reduced on the initial deposit to buy the first car and no different if going up from a second hand car to a newer second hand car where the trade may have to be subsidised with cash to keep your mnonhtly repayment the same.

And it will the next incoming Govt that has to deal with the fines in 2030, so I would be fairly certain its going to be raised as an election issue. I wouldn't be surprised to see more schemes across various industries expanded or implemented.

if it sounds like a scam then it is - who has the other 30/35+k to pay for a new car

and the next, and the next, and the next….

its a bloody mess

but again, the reality is, theres no way out of this unless governments start to significantly increase investments in trying to do so, and that means, higher taxes, and since we may never truly tax wealthier entities such as large corporations etc, our policy makers are more than likely gonna keep defaulting to the people!

they unlikely “have” the money, they are taking a loan?

completely agree, hence why we re gonna completely miss ev conversion targets, and virtually all other environmental targets for that matter, our policy makers think we all have endless access to credit, when in fact, its actually highly concentrated, and becoming more concentrated over time

Didn't Mr. Ryan tell us all to go Diesel not long ago- it would really make you wonder?

It seems very few here actually understand this very simply new grant. Most likely because they get their information from thick toc.

It is NOT a €8500 grant.

It is an ADDITIONAL €5,000 grant based on the purchaser giving a 13+ year old car that is in their name as scrappage.

The purchase already qualifies for the €3500 grant assuming the vehicle has a retail price of under €50,000.

The VRT relief (up to 5k, but in reality about 2-3k for most ev's under €40k) is also in ADDITION to the standard €3500 grant and the €5,000 scrappage grant.

So a car that would normally be €35k including VRT would cost the scrappage buyer about 23k. However most advertised prices already state that the price is after the VRT relief and EV grant, so don't expect an ev advertised at €35k to cost you €23k - it will cost you €30k if you are entitled to the scrappage.