Pa Daly
Question:280. Deputy Pa Daly asked the Minister for Finance the estimated revenue that would be foregone by eliminating the VRT on imported new electric vehicles, in tabular form. [32231/25]
View answerTuesday, 17 June 2025
Questions (280, 281, 282)
Pa Daly
Question:281. Deputy Pa Daly asked the Minister for Finance the estimated revenue that would be foregone by eliminating the VRT on imported 2nd hand electric vehicles, in tabular form. [32232/25]
View answerPa Daly
Question:282. Deputy Pa Daly asked the Minister for Finance the estimated revenue that would be foregone by eliminating the VRT on imported all electric vehicles, in tabular form. [32233/25]
View answerWritten answers
I propose to take Questions Nos. 280, 281 and 282 together.
I am advised by Revenue that the current VRT rates for Category A and B electric vehicles (EVs) are 7% and 13.3% respectively. Category M motorcycles are exempt from VRT. EVs with an Open Market Selling Price (OMSP) of up to €40,000 are granted VRT relief of up to €5,000 while EVs with an OMSP of greater than €40,000 but less than €50,000 receive a reduced level of VRT relief. EVs above €50,000 are not eligible for VRT relief.
Using 2024 data the table below provides the value of EV relief and the net VRT EV liabilities.
|
EVs |
EV Relief €m |
EV Liabilities €m |
|
New |
23.2 |
39.5 |
|
Used |
2.4 |
2.0 |
|
New & Used |
25.6 |
41.5 |
Question No. 281 answered with Question No. 280.
Question No. 282 answered with Question No. 280.