Drivers across Ireland could receive a €5,000 grant towards their next vehicle with a lesser-known government grant.
There is one condition, the vehicle must be electric in order to qualify for the cash support.
Electric vehicles play a key role in Ireland reaching its targets in the Climate Action Plan, because they help with the decarbonisation of our transport sector and help to eliminate harmful emissions from the atmosphere.
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A major change is coming in 2035, when any new car coming onto the market in Ireland will not be legally allowed to emit CO2.
This means petrol and diesel cars will be banned, and people will have to move to electric vehicles.
This law will be in place in order to help the transport sector become carbon-neutral.
In terms of the available grant, it’s for anyone who wants to purchase an EV, but you should act quickly because they will be reduced very soon.
Grants of up to €5,000 are currently available to aid with the purchase of new privately-owned vehicles, but it should be noted that the Government decided as part of Budget 2023 to begin reducing the grants from July 2023.
If you purchase a new battery electric vehicle (BEV), you’ll be eligible for a grant from the Sustainable Energy Authority of Ireland (SEAI) to help offset the financial burden.
A maximum grant of €5,000 is available for vehicles that qualify under the strict conditions.
The following core rules apply to each grant application and payment:
A vehicle must not be registered before the Letter of Offer starting date or after the expiry date.
A vehicle must not be taxed before the Letter of Offer starting date or after the expiry date.
A Letter of Offer once issued is assumed to be accepted by the dealer.
Dealers must maintain valid Tax Clearance, Employers and Public/Products Liability Insurance and Motor Insurance Certificates at all times during their participation in the EV Grant Scheme.
Ensure all payment claim information is submitted online and in the correct format before the EXPIRY DATE on the Letter of Offer (i.e. the lesser of 4 months from date of offer or 31st December).
Ensure the same vehicle selected by the Dealer/Customer on the Application Form is the same vehicle registered with Revenue. Therefore, the Statistical Code for the vehicle must be the exact same as that associated with the Application Form. It is the Dealer’s responsibility to ensure the correct variant is chosen so care must be taken when selecting a model.
Only BEVs with a value of between €14,000 and €60,000 are eligible for the grant.
The grant amount will depend on the list price of the vehicle, which is the full non-discounted price, in the absence of VRT relief or grant support.
Your car dealer will apply for the grant for you, and then deduct the grant amount from the total price of your car.
For the full details, you can click here.
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