Value of electric vehicle grants
Privately bought EVs
A maximum grant of €5,000 is available for qualifying electric vehicles when purchased privately.
Approved EVs with a List Price of less than €14,000 will not receive a grant.
The grant level applies to Battery Electric Vehicles (BEV) and Plugin Hybrid Electric Vehicles (PHEV).
It depends on the list price of the vehicle. This is the full non-discounted price in the absence of VRT relief or grant support.
List Price of Approved EV | Grant |
€14,000 to €15,000 | €2,000 |
€15,000 to €16,000 | €2,500 |
€16,000 to €17,000 | €3,000 |
€17,000 to €18,000 | €3,500 |
€18,000 to €19,000 | €4,000 |
€19,000 to €20,000 | €4,500 |
Greater than €20,000 | €5,000 |
Commercially bought EVs
This relates to purchases made by a commercial or public entity. It includes all purchases of an N1 vehicle, regardless of the declared customer type.
A maximum grant of €3,800 is available for qualifying EVs when purchased commercially. Approved EVs with a list price of less than €14,000 will not receive a grant.
The grant level depends on the list price of the vehicle. This is the full non-discounted price in the absence of VRT relief or grant support.
List Price of Approved EV | Grant |
€14,000 to €15,000 | €2,000 |
€15,000 to €16,000 | €2,500 |
€16,000 to €17,000 | €3,000 |
€17,000 to €18,000 | €3,500 |
Greater than €18,000 | €3,800 |
Commercial purchases and De Minimis Funding
EV Scheme grants are classed as de minimis state aid and therefore are subject to the 3 year €200,000 ceiling.
How to apply for the electric vehicle grant
- Choose a make/model of EV. Our comparison tool can help you make your choice.
- Head to your nearest dealer to take a test drive. The dealer will answer any performance and specification queries you may have.
- When purchasing a vehicle the dealer will apply for the grant for you. The grant amount is deducted from the total price agreed for your new Electric Vehicle.
As with any purchase we recommend contacting a number of dealers to obtain the best price for your vehicle.
*Please note that SEAI grants are not available for second hand EVs.*
Additional financial incentives
Direct CO2 emission values are used to calculate the Vehicle Registration Tax (VRT) and annual Motor Tax bands for vehicles.
- Battery Electric Vehicles (BEV) have no tail pipe emissions of CO2
- Plugin Hybrid Electric Vehicles (PHEV) should have CO2 emissions circa 60g/km
VRT
VRT is paid whenever a car is registered for the first time in Ireland.
Electric Vehicles receive VRT relief separately to SEAI grant support.
VRT relief for BEVs is in place until the end of 2021 and for PHEVs until end of 2018.
Motor tax
Motor Tax for a BEV is €120 per annum and typically €170 per annum for a PHEV.
For more information on Grants
please visit the SEAI web site @ www.seai.ie or email them for information @ evgrantscheme@seai.ie
Accelerated Capital Allowance
Want to reduce your tax bill and your energy costs? Accelerated Capital Allowance is a tax incentive encouraging investment in energy saving technology.
ACA and Triple E
The Accelerated Capital Allowance (ACA) is only applicable to energy efficient equipment on the Triple E Product Register. ACA is based on the existing capital allowances tax structure, or wear and tear allowance, for plants and machinery. Claiming the ACA is carried out the same way as for the standard capital allowances.
Organisations who invest in eligible energy efficient capital equipment can deduct the full cost of the equipment from their profits in the year of purchase. This reduces the taxable profit in year one by the full cost of the equipment.
Who is Eligible for ACA
Companies, sole traders, and farmers that operate and pay corporation tax in Ireland can avail of the ACA scheme.
Equipment use
The equipment purchased must be new and bought for use in a trade. It cannot be leased, let or hired to any person.
Time period for aca
ACA can be claimed for the accounting period in which the equipment was first provided, as long as the equipment is included on the published list at some stage during that accounting period.
Eligible costs and minimum expenditure
ACA is available for costs directly related to providing the equipment. Expenditure on the technology must be equal to or exceed the minimum amounts for the relevant class of technology. Find the minimum amounts on the categories and criteria for Triple E page.
How to claim the ACA
- Decide on the equipment you require.
- Ensure the equipment model is eligible for ACA by checking the Triple E product register before making purchase.
- Claim the ACA through your company’s return of income form (CT1). There is now a field for ACA on the form alongside the standard capital allowances entry field.
Rules and qualifications
The ACA is subject to the same rules as the standard plant & machinery wear and tear allowance. The difference is the acceleration to 100% of capital expenditure during the first year of its purchase. You don’t need approval for expenditure on energy efficient equipment, normal self-assessment tax provisions apply.
Still unclear on whether you qualify for the ACA? Get assistance from your taxation advisor or by visiting www.revenue.ie.