Oireachtas Joint and Select Committees
Tuesday, 30 November 2021
Joint Oireachtas Committee on Climate Action
Electric Vehicles: Discussion
Mr. Brian Cooke:
I have to be very careful when I talk about price because I could get into trouble. Taxation only plays a small part with the lowest-cost vehicles, but we are a smaller market, which affects costs of distribution, and manufacturers have their own costs. EVs are more expensive to manufacture at the moment. Much research and development has gone into them. Most research and development expenditure in the industry goes into that. I think they will come down in price. I think that internal combustion engines will go up in price with the next EU regulations. There are vehicles that are good value. Many vehicle manufacturers offer low interest deals. People can get into an EV at a relatively low monthly cost, especially if they go on a personal contract plan or some sort of finance deal. I am constrained in talking about price for competition reasons.
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