Government Announces Electric Vehicle Toll Incentive Scheme
The Minister for Transport, Tourism and Sport, Shane Ross has announced details of a new toll incentive scheme for electric vehicles. The scheme will begin this summer and will be available to the first 50,000 electric vehicles equipped with an electronic toll tag and will initially run up until the year 2022.
From early summer, new and second hand electric vehicle drivers will be able to avail of discounted rates across a number of toll roads. There will be a 50% toll discount for battery electric vehicles and a 25% toll discount for plug-in hybrid vehicles.
Drivers who make the switch to Electric Vehicles currently benefit from Government purchase incentives up to a value of €10,000 (€5,000 VRT relief and a €5,000 SEAI grant), a €600 SEAI home charger grant scheme, qualify for the lowest band of road tax (€120 per annum), and have access to an extensive network of public chargers which are free to use at present. Additional incentives include a Benefit in Kind (BIK) 0% rate and tax incentives under the Accelerated Capital Allowance (ACA) Scheme.
Full details on this scheme are available on the Department of Transport, Tourism and Sport website: http://www.dttas.ie/press-releases/2018/reduced-toll-fares-electric-vehicles