Helping to separate electric vehicle myths from facts, we’re here to answer all your EV questions
Your EV questions answered: When the grants are gone, will EVs be more expensive to run than petrol cars are now?When it comes to running costs, right now the picture is black and white – EVs are way cheaper to run than a petrol or diesel car if you charge at home. Photograph: iStock.
So that’s a useful, notional, maximum possible €8,500 taken off the price of your new EV – with the caveat that few cars will benefit from the full €5,000 rebate as they won’t have that much VRT applied to them in the first place. If you want to increase EV sales, set out your incentives stall and don’t muck about with it in the long term. As soon as the Irish Government reduced the SEAI grant – which was trimmed from €5,000 to €3,500 last July – EV sales started to slip in Ireland, albeit that was also part of a broader global trend. The current VRT rebate is locked in until the end of 2025, after which it’s anyone’s guess what the Government will do.
That cost can be reduced by signing up to subscriptions with the likes of ESB and Ionity, and ESB has recently announced a round of long-awaited reductions in the cost of public charging, but it’s still very expensive. Thankfully, according to research, EV owners will do 90 per cent of their charging at home, so the cost savings still apply.For now, EV drivers will continue to enjoy the lowest rate of annual motor tax and you get 50 per cent off motorway tolls .
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