New gov scrappage grant of 8500

Some people eh? 😴

The scheme will also reward people who drive high mileage due to the savings in fuel costs, even if they think they might not be able to afford a new one.

For example I drive 100km/day or 500km/week for work. My old diesel bill was €55 (probably closer to €75 in today's money) which can be done in an EV for €8.50 a week. That's a saving of €66.50/week in todays money or €266 in a 4 week month

When I drove diesel I'd upgrade my car every 5 years, I'd typically look for a 7-8 year old pre-loved car for around the €12k price tag and for that you're looking at a loan of about €300/month

So now my combined maximum payment is €566/month, the €300 I'd have spent anyway and the €266 from fuel savings. Plus, if I go new, I'm getting €5k for trading in my dirty smokey diesel car.

Lets say I go for the BYD hire purchase deal of 4% and use the €5k grant as the deposit. Including fuel savings, I'm now €59 better off going EV than sticking to my old diesel car but I'm now driving a 262 instead of a 231

I couldn't see the financial logic of paying €18000 for a 5 year old car. It's coming to the age where it's servicing and upkeep will be getting expensive. I'd be inclined to take my €18k and put it towards an EV( for example) and pay off the remainder over the same 5 years. If it's an EV, it'll be cheaper to run and service.

Our car has paid it's dues and it's repair/upkeep costs started to outweigh its value at this stage.We were looking at used EVs for €25+28k and with a reasonable deposit the repayments over 5 years were somewhat offset by the cheaper fuel.

With the extra grant we're looking at new cars as we meet the criteria for scrappage and we haven't bought a brand new car in a long long time, so I'll admit there's a bit of "new car smell" in it as well.

We're not the " wealthy" that have been talked about online and radio/tv. We're working taxpayers, on not huge wages and we've saved for a replacement car. We get bugger all for the taxes we pay, so I'll be taking this handout with relish. I hope others in our boat get to as well.

Every car ever built has an environmental impact. Just because old diesels are old doesn't change that. Our old car will go to the scrap yard where hopefully some of its parts get used to help someone keep their car on the road.

This deal isn't for everyone, but if the car and circumstances work, then go for it.

And electric if you have read the news .

Under Eamonn Ryan's tenure as minister for transport and the environment he stood over the worst fall in new EV sales any government has witnessed while simultaneously cutting the new EV grant from 10k in 2021 to 3.5k in 2024. At the same time sales of petrol and diesel prices started rising while he slept in the dail chamber.

I remember one time he was on the last word to debate EVs and wouldn't shut-up about cycling and public transport, completely devoid of the points that he was supposed to be making.

The man should be the very last thing anybody associates with EVs. More he should be associated with diesels considering his promotion of them in the 2010s

from an Irish perspective though the carbon cost of manufacturing doesn’t matter and is borne by the country of manufacture so from an Irish preservative which is what matters in this context getting an old fossil fuel car off the road replaced by an EV reduces our our carbon emissions and helps our target reductions.

Electricity up 8%, diesel up 20%, the gap will only get wider

Lets see then. Unless you have a crystal ball.

No need for a crystal ball as I was talking about the most recent price increases. The latest increase for Electric Ireland puts their night rate at 15c/kWh, that's the equivalent of 45c for a liter of fuel using the 3:1 ratio

A significant number of people have their own solar too so are essentially fuelling an EV for free for over half the year regardless of electricity prices and even when charging are using cheap night or EV rates.

Have you driven an EV they are pretty nice places to be and very nice/relaxing/comfortable to drive.

How much was the solar? All upfront costs that takes years to get back. It's not free, far from it.

I have driven a few EV cars, it's all very early Panasonic mobile phone tech though. I'll wait the 20 years until the tech catches up thank you.

A car purchase isn't as simple as just the price tag, if it was then a €100 banger NCT failure on donedeal is what we would all be buying.

Unless you're spending that 20k on an EV you're likely spending way over the odds on fueling, repairs and servicing.

It will do the opposite, it will scrap perfectly good cars potentially and remove them from the used car market, therefore the price of used cars will go up again. Also it will probably remove the last of the reasonably sized average cars like polos, fiestas and focus and replace them with more of those dreaded oversized SUVs