Recent data reveals a positive trend for electric vehicle (EV) sales in Ireland, with a 14.7% market share in February 2024. However, experts emphasize the need for continued government support and policy measures to accelerate the transition to electrification and meet ambitious targets.
The Irish new car market is showing signs of recovery with electric vehicles (EVs) gaining a 14.7% share in February 2024, up from slightly over 13% in January 2024. This marks a reversal of the declining trend observed in the previous year, with a record 4,925 EVs registered in Ireland last month, a 20% increase compared to January 2024.
While this progress is encouraging, Ireland still needs to significantly accelerate EV adoption to meet the ambitious target of 945,000 EVs on Irish roads by 2030. \Phil Barnes, business development manager at Geotab, a fleet management software group, stated that achieving this target requires selling approximately 12,000 zero-emission vehicles per month. He emphasized the critical need for the government to swiftly implement measures outlined in the new programme for government to boost EV sales. These measures include reviewing existing grant incentives and exploring additional strategies to make EVs more affordable for motorists. \The previous government's decision to reduce the maximum grant for purchasing an electric vehicle from €5,000 to €3,500 in 2023 contributed to a sharp decline in EV sales over the past year and a half. Brian Cooke, director general of the Irish Motor Industry Association (SIMI), highlighted that the EV market remains heavily reliant on government support, stressing the importance of continued intervention. Despite the positive trend, Cooke cautioned that a single month of strong sales doesn't guarantee a successful year and that a long journey remains in the transition to electrification. Overall, new car registrations in Ireland increased by 7% to 33,521 in February 2024 compared to January 2024, according to SIMI. Commercial vehicle registrations showed mixed results, with light commercial vehicles declining by 16% year-on-year while heavy goods vehicles saw an 8% increase
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